BUSINESS

Fortescue Executive Warns Energy Risks Undermine Global Supply Chains

Published: Mar. 27, 2026 6:52 p.m. GMT+8

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The crisis stems from the world’s dependence on fossil fuels, which poses a significant risk not only to national economies but also to the long-term viability of businesses, Fortescue co-CEO Dino Otranto told Caixin on Monday during the China Development Forum in Beijing. Photo: VCG

A top executive at Fortescue Ltd. warns energy insecurity is emerging as a core risk for global supply chains, as the mining giant accelerates its shift to renewables and deepens cooperation with China.

“A less stable geopolitical environment is exposing how fragile many of the systems that underpin our economies have become,” Fortescue co-CEO Dino Otranto said in a Monday interview with Caixin during the China Development Forum in Beijing. “Energy sits at the center of that vulnerability.”

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Fortescue co-CEO Dino Otranto warns energy insecurity is a rising risk for global supply chains due to reliance on fossil fuels and geopolitical instability.
Fortescue aims to use only renewable energy by 2030 and is deepening partnerships with Chinese companies for green technologies.
The next phase of Australia-China cooperation will focus on renewable energy, low-carbon supply chains, and industrial decarbonization, especially in steel.

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Who’s Who

Fortescue Ltd.: Fortescue Ltd. is a mining giant accelerating its shift to renewables, aiming for 100% renewable energy by 2030. They view energy insecurity as a core risk to global supply chains, emphasizing cooperation with China for reliable, low-cost clean energy. Fortescue partners with Chinese companies on zero-emission mining equipment, battery storage, and wind/solar technology.

Xuzhou Construction Machinery Group Co. Ltd.: Xuzhou Construction Machinery Group Co. Ltd. (徐工集团工程机械股份有限公司) is a Chinese partner collaborating with Fortescue Ltd. They are working together on the development of zero-emission mining equipment. Fortescue is accelerating its shift to renewables, aiming for 100% renewable energy by 2030, and views partnerships with Chinese companies like XCMG as vital for achieving this goal.

BYD Co. Ltd.: BYD Co. Ltd. (比亚迪股份有限公司) is a Chinese company that Fortescue is collaborating with on battery storage systems. This partnership is part of Fortescue's efforts to accelerate its transition to renewable energy and enhance its cooperation with China.

Longi Green Energy Technology Co. Ltd.: Longi Green Energy Technology Co. Ltd. is a Chinese company that Fortescue is collaborating with. This partnership focuses on advancing solar technology. This collaboration is part of Fortescue's broader strategy to strengthen international partnerships, particularly with China, to secure reliable and low-cost clean energy as it transitions to a green energy system.

Envision Group: Envision Group is a Chinese company partnering with Fortescue Ltd. on wind power systems. This collaboration is part of Fortescue's broader strategy to transition to renewable energy and deepen its cooperation with China. The partnership aims to enhance resilience in global supply chains by utilizing green technology.

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