BASE METALS

Henry: copper needs "freakishly large" investment

Copper production needs “freaklishly large” capital investment over the coming two decades if the sector is to satisfy forecast demand growth from energy transition technologies and the growth in the global population, BHP chief executive Mike Henry told delegates at the BofA Securities 2023 Global Metals, Mining and Steel Conference in Barcelona, Spain.

BHP's Olympic Dam in Australia

BHP's Olympic Dam in Australia

With the population forecast to grow by 1.5 times to 9.7 billion by 2050, China's economy is forecast to double in size while India's will quadruple. "Copper potentially needs around US$250 billion of...

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