BHP have been quite explicit in saying that they won’t be entering the lithium space, they feel copper is a better long term bet. You’d need to see a new CEO and board members for this to change I reckon.
Those “redundant” metallurgical coal assets were actually making more than the combined AKE and PLS portfolio across the FY22 and FY23 period just to give some perspective. That said, I get your use of the term given that even metallurgical coal will eventually be phased out.
AKE Price at posting:
$11.75 Sentiment: Hold Disclosure: Held
