Ajax,
BHP is heavily leveraged to growth in China, and the growth rate in China is affected by the price of energy.
I'd need to know a lot more about their precise product mix, but at a rough guess, the higher copper etc prices compensate for lower oil revenues and vice-versa.
Ian Whitchurch
- Forums
- ASX - General
- oil just fell of the cliff
Ajax,BHP is heavily leveraged to growth in China, and the growth...
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