Australian iron ore giant BHP’s Chief Executive Mr Mike Henry told the Reuters NEXT conference that all fundamentals are in place in China for continued economic growth over the next 20 years. He said “He expects to see an increasing domestic drive towards economic growth in China. He expects China's steel sector to grow in 2023 as the economy starts responding to government stimulus efforts and its steel output, which dropped 3.4% in the first seven months of 2022, slowly recovers.” He also said “Decarbonisation, electrification doesn't happen without mining. The world is going to require roughly four times as much nickel over the next 30 years as it did in the past three years, two times as much copper and steel. He expects to see an increasing domestic drive towards economic growth in China.” BHP is a top producer of iron ore with more than 250 million tonnes mined in the financial year to June. BHP also mines copper, nickel and other metals needed to power the energy transition that will help the world meet climate commitments.
Australian iron ore giant BHP’s Chief Executive Mr Mike Henry told the Reuters NEXT conference that all fundamentals are in place in China for continued economic growth over the next 20 years. He said “He expects to see an increasing domestic drive towards economic growth in China. He expects China's steel sector to grow in 2023 as the economy starts responding to government stimulus efforts and its steel output, which dropped 3.4% in the first seven months of 2022, slowly recovers.” He also said “Decarbonisation, electrification doesn't happen without mining. The world is going to require roughly four times as much nickel over the next 30 years as it did in the past three years, two times as much copper and steel. He expects to see an increasing domestic drive towards economic growth in China.” BHP is a top producer of iron ore with more than 250 million tonnes mined in the financial year to June. BHP also mines copper, nickel and other metals needed to power the energy transition that will help the world meet climate commitments.
