ASX 200 Inclusion........, page-4

Interesting from this over at BHP, arguably few would have their finger on the pulse better:

Mike Henry is a cautious type.

[His] “fundamentally positive” outlook that could last as long as 30 years.

He says two key drivers will underpin demand.

The first is the pandemic, which has led to governments and central banks flooding the world with stimulus measures that BHP expects will remain in place for a long time, helping lift economic growth, inflation and demand for commodities.

…The growing momentum around the world to tackle climate change – from China, Japan, South Korea, Europe and now the Biden administration in the United States – will ironically be commodity-intensive.

In a world aligned with the Paris climate agreement that aims to limit global warming to 1.5 degrees, BHP expects copper demand to double over the next 30 years and nickel demand to quadruple.

Henry emphasised forcefully on Tuesday that even demand for steel – which requires BHP’s iron ore and coking coal – is likely to double as infrastructure such as wind turbines are needed as part of the energy transition

All good stuff for NIC.