BHP eyes copper, nickel projects as it bypasses lithium

BHP Group on Wednesday said it remains committed to growing its portfolio of copper and nickel projects but is not interested in the lithium market, which it believes is well supplied.

The comments echo those the world's largest mining company made in the past year and come as lithium prices have been sliding amid demand worries. Analysts are expecting lithium prices to plunge by 25% in total this year, largely due to an expected slowdown in China's EV market as government subsidies wane.