NeoSmelt aims to turn Pilbara iron ore into green steel with Rio Tinto and BHP — can it work?

For decades, Western Australia has been keen to transcend its reputation as the world’s quarry, and the government hopes a new project will help it do exactly that.

Called NeoSmelt, the initiative aims to transform low-grade Pilbara iron ore into molten iron, using an electric smelting furnace to…