Australia's BHP is much smarter than South Korea's Hanwha shipbuilding company! On October 23, the new chairman of Australian mining giant BHP, Mike Mullen, said that the competition between China and the United States in key mineral fields is just posturing. What you see is two very powerful countries posturing, and this situation is not the first time. Mullen stated that the importance of key minerals is increasing, and companies like BHP, as well as countries like Australia, should strive to maintain cooperation with all parties.
Evidently, facing the same background of the China-US rivalry, Hanwha, a South Korean shipbuilding company, gave a knife to the United States, resulting in Hanwha's affiliated companies being directly sanctioned by us. However, BHP clearly understands that in such a situation, companies should not take sides, but should maintain cooperation with all parties. In fact, when dealing with us, BHP's attitude has been very practical.
Despite pressure from the United States, on October 9, BHP still announced an agreement with China Mineral Resources Group, starting from the fourth quarter of 2025, BHP will accept 30% of the amount in RMB for spot iron ore transactions with China. Obviously, enterprises in the middle of China-US relations should seriously consider how to maximize their own interests. BHP and Hanwha made completely different choices. If BHP is a successful example, then Hanwha is a typical example of a bad choice.
Original: www.toutiao.com/article/1846754607913994/
Statement: This article represents the views of the author himself.