It has been reported that China's state-owned enterprises have been seeking to integrate with Russian miners.
The reported commodities impacted are:
Aluminium
Iron Ore
Broad soft commodities
..and of course oil & gas.
Russia possesses the 3rd largest iron ore deposit. Ukraine also has resources. So does Africa, a country that is increasingly favouring China.
Is this a concern for BHP over the medium term? Isn't this a big problem for AUS and the A$?
Yes, I know there are positives to Australian resources e.g. grade, quality, vicinity etc to offset this, but net-net, in a geopolitical split world, won't this be a NET NEGATIVE?
It seems to me BHP is a once in a lifetime sell given the artificial oil/commodity prices.
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