BHP rather condescendingly poo-poo’d the prospects of Lithium as a commodity based on poor supply-demand dynamics ie oversupply risk. I’ll bet they must be rather embarrassed by the train wreck that their Nickel business has now become. I thought they liked to wax lyrical about how good their capital allocation framework was, which was intended to stop them incinerating shareholders capital….How could they not have seen this iceberg ahead… The Indonesian Nickel Mines have literally flooded the market with cheap nickel. Massive stuff up by BHP. I suppose in the words of one of their senior executives , stick to your knitting!
BHP Price at posting:
$45.18 Sentiment: Hold Disclosure: Held
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