BHP vows to stay out of lithium rush with shortages set to fade
Among elevated metal prices, lithium stands out, as booming electric-vehicle sales send the battery component skyrocketing. Conspicuously, the world’s biggest mining company has no plans to join the rush. For BHP Group, the frenzied talk about looming lithium shortages in a clean-energy transition will fade given it’s one of the more abundant elements in nature. Ironically, given the silvery-white metal’s role in helping replace fossil fuels, there are also environmental reasons behind BHP’s lack of interest.