IGO suspends annual dividends from Tianqi JV amid market downturn
The JV experienced a build in lithium hydroxide inventory at Kwinana over recent months.
BHP Group remains committed to metallurgical coal used in steel making, even as it sells its petroleum business and looks to exit thermal coal, Chief Executive Mike Henry said on Tuesday.
“We do believe that the thematic of carbonisation will support certain types of coal for the foreseeable future,” Henry told reporters after BHP reported its best profit in nearly a decade.
“The ability to produce steel without some kind of coal whatsoever is going to take some time to unfold. In the interim, steel mills are going to need to move to more efficient production that will require high quality coking coal,” he said.
(By Melanie Burton; Editing by Kirsten Donovan)
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