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BHP - More Warning Signs For BHP Even Though Short-Term Prospects Look Good
BHP Group Limited American Depositary Shares
China is the largest consumer of commodities, which is why whatever happens in China is of great consequence for mining companies like BHP Group (BHP). While Chinese demand has remained robust up to this point, recent developments call into question whether that will always remain the case. What that means will be covered next in further detail.
Commodity demand is holding up
How much BHP derives from the Chinese market can be seen in the table below. China contributes over 50% of revenue. China is even more important upon closer look. For instance,