Immaterial to BHP. Was a green folly, but they did call the lithium bubble correctly. Copper, met coal (they are the best here too) plus iron ore is why you buy BHP. A trump win is a huge win for BHP and RIO via resolution copper likely to proceed (finally!!!!).
Part of the problem with nickel is part of BHPs social license to operate and appease woke capital aka pension funds under ESG credentials. ESG which is often rubbish and pushed by people who control vast amounts of capital yet have never invested a cent of their own money on anything and merely push woke agendas they are often a burden on free capital markets.
End of the day, despite $10s of billions wasted in various areas, this company has done well overall to shareholders on a long term basis. It’ll continue to do well simply because it has the biggest and best assets globally. A must own in any portfolio.
Ann: Western Australia Nickel to temporarily suspend operations, page-11
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Last
$41.02 |
Change
-0.240(0.58%) |
Mkt cap ! $208.0B | |||
| Open | High | Low | Value | Volume |
| $41.02 | $41.28 | $40.88 | $296.1M | 7.214M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1453 | $41.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.03 | 1000 | 1 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |