BHPLF News and Press, BHP Group Ltd From 12/31/23

2023-12-31 04:21:26 ET Summary Nickel spot prices were flat for the last month. Low nickel prices leads to BHP issuing dire warning on nickel mines. 2024 nickel supply is set to outpace growth, which will suppress prices and exert pressure on producers' margins. In nickel comp...

2023-12-28 16:35:21 ET Summary The company continues to divest its lower-quality assets. Our internal team is more optimistic about iron ore prices backed by the decarbonization agenda, China's new stimulus, and more steel-intensive countries. Despite that, BHP's valuation loo...

2023-12-27 11:56:01 ET Summary Metal miners are starting to break out of long-term bases, with precious metals showing the highest potential for outperformance. The immediate catalyst for gold miners to rise is the price of spot gold, which stands on the cusp of breaking out to ne...

2023-12-16 23:09:34 ET Summary BHP's stock price has increased by 16.4% since July, driven by a rally in iron ore prices. It helps that its production is also on track as of Q1 FY24. The outlook for BHP has improved as well, though there are risks that include a ceiling on iron or...

2023-12-06 17:14:11 ET Summary BlackRock Resources & Commodities Strategy Trust is a closed-end fund focused on non-real estate hard assets such as energy, mining, and agriculture sectors. The fund has underperformed in terms of total returns over the last decade. BCX curr...

2023-12-04 17:30:52 ET Summary Rio Tinto's stock price has increased by 7.4% since July, while the S&P 500 has stayed flat at this time, indicative of improved times for the commodity miner. Its key commodity, iron ore, has seen a price uptick on support from China's fiscal st...

2023-11-28 03:24:19 ET Summary Newmont is now the largest gold miner globally after its merger with Newcrest Mining, with a long list of Tier-1 mines. The company owns world-class gold reserves and resources, as well as extensive exposure to silver and copper. Newmont offers a...

2023-11-20 06:39:14 ET Summary BHP is transforming its business by investing in copper and potash while gradually divesting from coal. The value of the coal portfolio is estimated at US$10Bn. Due to ongoing litigation related to the Samarco dam disaster, the majority of procee...

2023-11-04 03:48:54 ET Summary Ecora Resources is transitioning to become a "green" royalty and streaming company, focusing on copper, cobalt, and nickel. The company's cornerstone asset is the Kestrel coking coal mine, which is expected to cease production in 2026. Even witho...

2023-10-31 11:17:36 ET Summary Nickel spot prices were lower the last month. Nickel market news - INSG forecasts a third consecutive year of nickel surplus. China's massive stimulus package marks bullish shift for commodities after prolonged bear market. Nickel company news - ...