BHP 1.33% $41.51 bhp group limited

Commodity Concern

  1. 852 Posts.
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    It has been reported that China's state-owned enterprises have been seeking to integrate with Russian miners.

    The reported commodities impacted are:

    Aluminium
    Iron Ore
    Broad soft commodities

    ..and of course oil & gas.

    Russia possesses the 3rd largest iron ore deposit. Ukraine also has resources. So does Africa, a country that is increasingly favouring China.

    Is this a concern for BHP over the medium term? Isn't this a big problem for AUS and the A$?

    Yes, I know there are positives to Australian resources e.g. grade, quality, vicinity etc to offset this, but net-net, in a geopolitical split world, won't this be a NET NEGATIVE?

    It seems to me BHP is a once in a lifetime sell given the artificial oil/commodity prices.

 
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