The pricing power that a combined RIO/BHP entity would have is enormous. The iron ore freight premium would be back on the table for one, cost savings and possibly the sale of duplicate operations that are not lowest cost. Plus it would be an essential stock for just about any global diversified fund.
The major bulk commodities iron ore and coal are likely to have large price increases this year, along with expected production increases could easily counter weak base metal prices and see yet another record profit. I agree that global growth expectations could temper share price in short term but it is far from clear what effect a US recession will have on global growth and commodity prices.
So I guess the answer to the question is (as usual) over what time frame?
will bhp fall further, page-9
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Last
$43.40 |
Change
-0.160(0.37%) |
Mkt cap ! $220.1B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.56 | $43.09 | $248.4M | 5.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5716 | $43.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.41 | 4801 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |