US-China Green Energy Rivalry ‘Great for World,’ Forrest Says
- ‘Stupid’ wars would ruin healthy competition, says billionaire
- Fortescue chairman downplays fears China’s economy in danger
Andrew Forrest, earlier in March.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
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, said 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.”