As competition for lithium and other rare earth materials intensifies, mining firm BHP Group Ltd. CEO Mike Henry warns of excessive government intervention in global critical minerals supply chains and over-reliance on government subsidies. He emphasizes that in securing their own critical minerals supplies, governments should not compromise the global goal of low-carbon transition. Achieving this requires a combination of international cooperation and competition. While not directly criticizing the US’s Inflation Reduction Act, Henry implied that similar protectionist actions might not be beneficial for smaller countries like Australia as it could potentially slow down efforts to combat climate change.

Source: https://miningdigital.com/articles/bhp-urges-nations-against-protectionism-of-critical-minerals