For critical minerals supply we need investment standards, BHP boss warns

29/09/2023

Image source: pixelied.com / pixabay.com

Speaking at the International Energy Agency’s inaugural critical minerals conference in Paris, Henry called for a “small set of common standards” covering environmental, social and governance to underpin access to the capital required for investment the sector. Critical minerals, essential for a range of clean and renewable energy technologies, have risen in the policy and business agenda, but a combination of volatile price movements, supply chain bottlenecks and geopolitical concerns have created a potent mix of risks for secure and rapid energy transitions. This has triggered a scramble across the world to enhance the diversity and reliability of critical mineral supplies. The head of the Australian multinational mining and metals public company, based in Melbourne, said urbanisation, industrialisation and population growth were driving demand for minerals such as copper, nickel and lithium and steel-making raw materials, along with a push to decarbonise economies. �

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Source and Credit: smh.com.au

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Tags: BHP, ESG, Fatih Birol, IEA, Mike Henry, national Energy Agency