Commodities
Soaring Demand for Copper Will Help Drive Mergers, BHP CEO Says
- BHP CEO Mike Henry comments in Bloomberg TV interview
- Energy transition may see demand for copper double by 2050
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Soaring demand for copper will require $250 billion of investment over the next decade, helping to drive further mergers in the industry, BHP Group Ltd. Chief Executive Officer Mike Henry said.
“New deposits in certain key or critical minerals are becoming harder to find, more expensive to develop and requiring more by way of capability to manage risk and technical capability,” Henry said in a Bloomberg Television interview. “That suggests an aggregation to scale over time and companies who are of scale, who have strong balance sheets like BHP and who have deep technical capability. Those will be the companies that will win in the decades ahead.”