Diversified major BHP believes that global decarbonisation efforts hold significant opportunity for the resources sector.
BHP’s Minerals Americas president Rag Udd told the World Copper Conference, in Chile, that the push across the world to decarbonise would require substantial investment in infrastructure and technologies.
“In a Paris-aligned, 1.5 ºC scenario, we expect that investment in areas such as copper-intensive solar generation, nickel-intensive batteries and steel-intensive wind turbines will contribute to a more than doubling of the amount of primary copper and a quadrupling of the amount of primary nickel demand over the next 30 years relative to [the amounts] produced over the last 30 years,” Udd said.