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clock Created with Sketch. 08/01/25
13:14
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Originally posted by Gindaldan:
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Steel production isn’t going to nil in China or elsewhere in the world. Plus general consumption via goods. Iron ore has peaked for sure, but BHP share price at present is likely putting the price at $70-80 USD tonne or worse. But you can change the variables on its formidable copper division and or coal and see a heap of value here. The Copper division could quite easily be worth the current market cap of BHP in the next 5 years depending on price/shortage. Again, depends how you model price assumptions.
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Copper's darling story is gone. Forget about it. There is nothing in the commodity market that can support the current price of $39.
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