BHP 0.71% $43.59 bhp group limited

Share Price, page-57

  1. 2 Posts.
    What are people's thoughts on this?

    Is this a big announcement or something that pops up regularly in these types of stock?

    China demand risk; BHP top pick 16 07 2021 04:11pm AEST** RBC Capital Markets says it's more neutral on Australian miners now given that commodity demand from top consumer China faces headwinds** Recent commodity run has shrank valuation appeal for the resources sector, but top picks are BHP Group , managanese miner South32 Ltd , gold producer Northern Star Resources and Silver Lake Resources** While China will continue to support growth, it is slowing, and fiscal policy is tightening as the country tries to dampen hot areas of the economy like property - RBC** Brokerage says inflation is being seen for projects in construction which puts capex and timelines in doubt over H2 and FY22** China's push to lower steelmaking emissions by curbing output as environmental concerns come to the forefront is also a risk** Copper & iron ore fundamentals remain strong, but prices could ease as supply normalises from major producers Peru, Chile & Brazil** BHP to remain the leader this quarterly production season as strong iron ore shipments are expected with high price benefits(Reporting by Anushka Trivedi in Bengaluru)(([email protected]; +918061823241)
 
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