The Push To Modernize Power Grids Is Fueling Demand For A Key Metal

Via AG Metal Miner No matter where in the world you go and what energy source you’re using, energy transfer requires transformers. Be it a nuclear power facility, a power plant running on natural gas, a wind field, or a plant running on hydropower. The energy generated in these facilities cannot light up homes, businesses, and schools without transformers. And to construct transformers, you need grain oriented electrical steel (GOES). As global energy grids continue to grow, so does GOES demand. MetalMiner observes the GOES marketplace very…