Iron ore @$99 is now probably cheap...iron ore not part of CRB I don't think?, but probably should be
Re BHP...I suspect it sees a much greater part of its income from other commodities in the future..copper for sure
RIO certainly looking to diversify...lithium and copper.. and re-align for future growth
As for iron ore/steel demand..China's growing car industry will create significant ongoing demand for steel???
The Brains Trust - 2024, page-1833
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