Magnetite Mines Ltd (ASX:MGT) has expressed enthusiasm for the Green Iron Supply Chain Study from the South Australian Government, showcasing the region's prowess in green iron production. CEO Tim Dobson emphasized South Australia's strengths in the production of green iron, underlining the significance of premium-grade magnetite and hydrogen from renewable sources. By leveraging abundant magnetite reserves and a robust renewable energy grid, South Australia is poised to excel in the green iron market. The study highlighted a 21% cost advantage for producing green iron in South Australia over shipping raw materials to Europe. This advantage, coupled with the state's focus on decarbonising steel production, positions it as a key player in global decarbonisation efforts. The government's initiative includes exploring the development of a hydrogen-based direct reduction iron plant by 2030, with potential to reduce carbon emissions significantly. Magnetite Mines and other industrial partners plan to engage in the EOI process to advance green iron production. South Australia's vision for a green iron industry not only aims to support domestic steel production decarbonisation but also to influence the steelmaking sectors of its trading partners, showcasing a commitment to sustainable economic growth.