Why BHP is against ‘sugar hit’ subsidies for critical minerals
Peter KerResources reporter
BHP chief executive Mike Henry says an unprecedented era of government funding for “critical minerals” ventures risks distorting markets, and governments could achieve a broader benefit by speeding up project approvals rather than giving “sugar hits” to individual projects.
Mr Henry said more alignment between nations on critical minerals lists would also help the world make a more efficient transition to a low carbon economy and avoid trade partners speaking “at cross-purposes” over the definition of a critical mineral.
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