...BHP has peaked , and starting its downward decline for...

...BHP has peaked , and starting its downward decline for possibly years ahead.
https://www.tradingview.com/symbols/ASX-BHP/
BHP sticks to production and unit cost guidance

Tom Richardson, Peter Ker

BHP’s Australian iron ore exports have failed to match last year’s output for the third consecutive quarter, extending a trend for weak supply from the world’s biggest miners.

BHP shipped 70.8 million tonnes in the three months to September 30, which was 3.5 per cent less than the same period last year and also lower than the three months to June 30.

Output at Port Hedland was hampered over the past month by a major maintenance campaign on one of the “car dumpers” that tips iron ore out of train carriages, but a shortage of train drivers is also now starting to bite BHP’s production volumes.
The weak September quarter result came after BHP’s iron ore exports in the six months to June were 4 per cent lower than the same period of last year.

Coal and copper also delivered lower volumes versus the corresponding September quarter. Oil production increased from its Ruby project and higher seasonal gas demand at Bass Strait, partially offset by lower production at North West Shelf and natural field decline.

Chief executive Mike Henry said: “BHP’s operations delivered reliably during the first quarter and we completed planned major maintenance activities across a number of our assets. We continue to skilfully navigate the ongoing challenges of COVID-19.

“We sanctioned the Jansen Stage 1 potash project in Canada, and made a series of targeted investments in copper and nickel exploration in Australia and Canada. These are aligned with our efforts to increase our exposure to future-facing commodities and to position the portfolio to continue to deliver attractive returns and long-term value to shareholders.”