UBS on Potash:BHP - Jansen: How is the project progressing? Overrecent years, BHP has pivoted towards growth, organically (capex to lift fromUS $7bn in FY23 to ~$11bn pa from FY26) and through M&A (OZ, Anglo). Theorganic growth is focused on potash, with US $11bn to be spent at Jansen and oncopper with ~$10bn expected to be spent at Escondida (note),a further ~$10bn at Olympic Dam, and a further ~$5bn likely at Josemaria/Filoin Argentina (50%). We note however that BHP will not deliver higher coppervolumes until the 2030s and the returns from Jansen are set to be muted due tolow potash prices. As a result, we continue to see potential for BHP to look togrow inorganically (eg Anglo) over the next few years. Source: UBS.
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Last
$39.87 |
Change
-0.030(0.08%) |
Mkt cap ! $202.3B | |||
| Open | High | Low | Value | Volume |
| $39.98 | $40.03 | $39.68 | $215.2M | 5.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1256 | $39.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.87 | 1225 | 5 |
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| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| BHP (ASX) Chart |