BHP tips decarbonisation to drive global demand beyond a “super cycle” for copper, nickel and steel but warns the industry is competing for high-tech skills.
BHP sees ore demand beyond ‘super cycle’
BHP is positioning for more than a “super cycle” from demand growth for materials to build new energy and cleaner industry.
Treasurer Jim Chalmers is focused on critical minerals and extracting more value for Australia from local processing and Resources Minister Madeleine King is backing rising demand for lithium, cobalt, graphite and rare earth elements.
But copper, nickel and steel will also be needed, BHP chief technical officer Laura Tyler told the Melbourne Mining Club.
“This is a tremendous opportunity for our sector – an energy transition that could drive demand growth beyond a super cycle,” she said on Thursday.