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.
Commodity Concern
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Last
$41.51 |
Change
-0.560(1.33%) |
Mkt cap ! $213.3B | |||
| Open | High | Low | Value | Volume |
| $41.57 | $41.84 | $41.31 | $60.32M | 1.451M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 894 | $41.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.51 | 595 | 4 |
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| Last trade - 10.22am 30/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |