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The revised forecasts are another sign of how the world's biggest miners and chemical producers are increasingly focused on the electrification of the transport sector, and how the trend could affect demand for commodities like oil, gas, lithium, graphite, cobalt, copper, vanadium and nickel.
The latter six commodities are components of the modern batteries that will power electric vehicles, and BHP already has exposure to nickel and copper within its portfolio, as well as cobalt as a byproduct.
Glencore raised its battery minerals demand forecasts last week, while Rio Tinto chief executive Jean-Sebastien Jacques has been talking up his desire to get more exposure to battery minerals for several years now.
Wesfarmers is expected to confirm this week that its $776 million takeover of lithium aspirant Kidman Resources is proceeding to plan.
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