BHP Navigates China Slowdown While Diversifying Beyond Traditional Commodities
BHP’s Strategic Response to Shifting Global Commodity Markets Despite anticipating slower growth in China during the coming months, BHP Group…
Tag: Iron ore
Fortescue Shifts Manufacturing to China, UK Layoffs Impact Net Zero Plans
Fortescue Metals Group is restructuring its Zero operations, shifting battery and power system manufacturing from Oxfordshire to China. The move impacts UK staff as the company prioritizes research and development over in-house production.
Australian mining giant Fortescue Metals Group has announced significant operational changes to its Zero emissions division, resulting in staff layoffs primarily affecting UK-based employees. The company, founded by billionaire Andrew Forrest, is shifting manufacturing of battery plants and power systems for its electric truck fleet from planned UK facilities to China, marking a strategic pivot in its ambitious carbon neutrality roadmap.