I think it comes down to how Brazil manages the "pandemic".
During 2019:
Australia: US$65.8 billion (53.8% of total iron ore exports)
Brazil: $22.2 billion (18.1%)
"The latest mine production data from Brazil indicates a 12 per cent decline in iron ore shipments" -australianmining.com.au
Hoping that BHP and other Australian mining companies take advantage of this.
Inevitably when the world gets back up and running, there's going to be a call for more infrastructure. So unless we go back to constructing buildings from stone and wood, I see a bright future for BHP.
$40 plus, page-5
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