BHP Urges Nations to Avoid Critical Minerals Protectionism
- CEO Henry warns against ‘sugar hit’ of government subsidies
- Competition for lithium, nickel, cobalt, rare earths heats up
This article is for subscribers only.
BHP Group Ltd. Chief Executive Officer Mike Henry has warned too much government intervention in global critical minerals supply chains could undermine efforts to fight climate change.
The boss of the world’s biggest mining company said it was “understandable” that nations were scrambling to secure domestic supply of the metals needed in renewable energy and electric vehicles, but warned against an excessively domestic focus and over-reliance on the “sugar hit” of state-provided subsidies.