Here is a comment via a research note i got this morning on BHP..nice to see the copper price over $8000 per ton.
While the spot iron ore price attracts all the dramatic attention currently, what is going somewhat unnoticed in terms of BHP are the prices of copper and oil. BHP remains very positive on the medium-term structural supply/demand equation in copper (falling grades, rising cost curve) and got the feeling they’d like more copper exposure if it ever became available.
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