I do love that unexpectedly high USD$5 !
BHP's expected annual copper production of ~1800kt of Cu would be worth an extra USD$1.8B over a full year (at USD$5 cf USD$4/lb) (for info BHP realised price for first 9 months of FY24 is only USD$3.72).
So, really good over the medium term for BHP but it may produce unexpected 'pressure' in short term to increase the AA bid.
As an aside, have a look at how a "pure" copper producer is responding to the Cu price (HGO - note that fundamentals also are having an effect! - I declare I own a few).
I do love that unexpectedly high USD$5 ! BHP's expected annual...
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Last
$39.17 |
Change
-0.380(0.96%) |
Mkt cap ! $198.6B | |||
| Open | High | Low | Value | Volume |
| $39.55 | $39.91 | $39.04 | $104.8M | 2.646M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 551 | $39.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.18 | 3569 | 16 |
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| Last trade - 14.48pm 18/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |