I suspect part of this strategy is to diversify away from Australia with a copper growth story elsewhere. The IR laws could stop the expansion of the South Australian copper hub which includes Oak Dam. Use the Anglo asset expansions in South America as a bargaining chip to say change those IR laws or we invest $10s of billions in South America, not Australia. A trump presidency will also likely see RIO/BHP JV at resolution in Arizona get approved. That deposit is far superior to anything, I believe it’s the highest grade large scale deposit in the world that hasn’t been developed.
If copper price permanently rerates above $5 a pound then the Anglo deal makes sense. A lot of analysts have long term assumptions at low to mid $4s, hence questioning BHPs move. Hence BHP must be modelling in much higher prices. Synergies… well we know coking coal assets would. South American copper should have some. Brazilian iron ore - high grade makes sense too. Everything else is junk in Anglo.
- Forums
- ASX - By Stock
- BHP - the Starry-Eyed Kid
I suspect part of this strategy is to diversify away from...
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B |
Open | High | Low | Value | Volume |
$39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1696 | $38.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.46 | 24810 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1696 | 38.450 |
3 | 16272 | 38.440 |
1 | 500 | 38.430 |
3 | 6755 | 38.420 |
2 | 1745 | 38.410 |
Price($) | Vol. | No. |
---|---|---|
38.460 | 24810 | 1 |
38.480 | 1591 | 1 |
38.490 | 14238 | 1 |
38.500 | 11433 | 3 |
38.540 | 350 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |