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cheesepope

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28/04/24

20:33

Post #: 73546936
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Originally posted by kazman11: ↑

The Inflation Reduction Act 2022 is a AUD $520billion dollar initiative to move towards decarbonisation and net zero. That is only for the US. Imagine when the rest of the world catches up for similar Acts in their own jurisdictions. Hence BHP is going madly after copper and everyone else after rare earths as well. Funnily enough, the cost of coal is also increasing, be it metallurgical or thermal. That is due to not enough supply coming into the market.

Increasing interest rates is only going to increase misery for people. A lot of Australia still rents. All landlords will do is increase rents to cover mortgage payments. All landlords are doing is increasing it by the same amount that banks will be charging interest rate repayments. Therefore increasing interest rates are not going to be the answer.

The idea is to reduce energy costs for transportation, be it electrification of trucking routes or transportation to reduce food costs, cost to transport building materials etc to the right locations to build more houses. If you dont do that, people pay more for food, people pay more for building costs. Whatever you say, our lives are all dependant on the Price of Oil. And yes we are not increasing supply, hence demand will go up causing people to eventually transition to electrified methods of transportation. This is the whole idea. We are still going to get the masses to pay for electricfication, be it taxes or via legal mandating methods.

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due to sanctions

BHP Price at posting: $43.15 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $41.98		Change -0.510(1.20%)		Mkt cap ! $212.9B

Open	High	Low	Value	Volume
$41.51	$41.98	$41.45	$377.1M	9.014M

Buyers (Bids)

No.	Vol.	Price($)
1	200	$41.92

Sellers (Offers)

Price($)	Vol.	No.
$41.99	1547	3

View Market Depth

No.	Vol.	Price($)
1	200	41.920
3	575	41.900
1	150	41.870
2	780	41.860
6	1770	41.850

Price($)	Vol.	No.
41.990	1547	3
42.000	15480	10
42.010	7414	2
42.040	6714	1
42.050	34691	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

BHP (ASX) Chart

Share Price, page-72

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Share Price, page-72

Top Stories

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News