DAVOS: BHP CEO Says Smelting, Refining Capacity Key to Boosting Metals Supply -- Market Talk

Dow Jones01-20 17:58

0956 GMT - Supply chain resilience in mining is increasingly in focus, with governments around the world seeking to streamline regulation to speed up the extraction of critical resources, BHP Chief Executive Mike Henry says at the World Economic Forum in Davos. However, boosting supply goes beyond mining alone and requires adequate smelting and refining capacity to turn raw materials into usable metals, he tells a panel on energy security. Henry says there is growing emphasis on developing processing facilities closer to end markets, but highlights challenges including the need for low-cost, reliable energy and investor appetite for what are typically lower-return segments of the value chain. "That's one of the key reasons why things have migrated to China. Because they have had low cost energy and they have people willing to invest in these things," he says. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

January 20, 2026 04:58 ET (09:58 GMT)

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