Copper LME warehouse stocks near all time lows, copper price is well off its lows and continues on the upward trend. Wouldn't be surprised if it goes to $4 lbs with all money printing and world production challenges.
No reason why BHP shouldn't be trading at $42+ a share.
The only things I wish BHP did is to use downturn to acquire some assets on the cheap, but that's too much to expect from BHP management. But think they were asleep at the wheel, spending time buying $50m of hand sanitizer instead.
News: BHP COLUMN-China's iron ore strength cancelled out by world weakness: Russell, page-14
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Last
$38.64 |
Change
-0.990(2.50%) |
Mkt cap ! $196.0B | |||
| Open | High | Low | Value | Volume |
| $38.88 | $39.09 | $38.63 | $377.3M | 9.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2476 | $38.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.65 | 42365 | 3 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |