Developed countries are realising they must do more to secure minerals and metals as the west attempts to replicate China’s supply chain for resources, Rio Tinto chief’s executive has said.
Jakob Stausholm said China was ahead of the west in having integrated supply chains for many minerals, but he detected a more positive attitude in the west towards mining, with more talks on how to accelerate mine development.
“When China builds industry, they build a robust supply chain. [The west] has relied on a market and a just-in-time principle. That’s a very good strategy until it is not a good strategy any more,” he said in an interview with the Financial Times.
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