It had better be reflected in the price paid for those commodities. No point spending billions of taxpayers money building infrastructure to support miners if the price isn't right.
Based on MGX announcement today you have to wonder whether its worth going ahead with the Midwest port and rail projects. Will benefit BHP long term if it doesn't get built but the Chinese undoubtedly pushing the government to keep it going so as to break the pricing power of the majors.
china assures demand for resources, page-3
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Last
$43.40 |
Change
-0.160(0.37%) |
Mkt cap ! $220.1B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.56 | $43.09 | $248.4M | 5.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5716 | $43.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.41 | 4801 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |