US-China green energy rivalry beneficial

Forrest said it was healthy for competitors to challenge China’s dominance of sectors like renewable energy, electric vehicles and battery metal processing “provided it’s commercial and competitive”. — Bloomberg

New YORK: US ambitions to break China’s dominance of green energy supply chains are “great for the world” as long as tensions don’t lead to war, says iron ore magnate Andrew Forrest.

The chairman of Fortescue Metals Group, the world’s fourth-largest iron ore producer, said it was healthy for competitors to challenge China’s dominance of sectors like renewable energy, electric vehicles and battery metal processing “provided it’s commercial and competitive”.