BHP Billiton Ltd is a leading global resources company that focuses on the extraction and production of essential minerals and natural resources. With a diverse portfolio, the company is heavily involved in the mining of commodities such as iron ore, copper, oil, gas, and coal, playing a crucial role in supplying the materials needed for various industries worldwide. BHP employs advanced technologies and sustainable practices to maximize its operational efficiency while minimizing environmental impact. Through its extensive operations in multiple countries, the company contributes significantly to the global economy and the development of local communities in which it operates.
BHP plans to invest $14B in Chile to boost copper production, securing long-term assets and meeting global demand. Challenges include labor law violations.
Anglo American to sell 33.3% stake in Jellinbah Group to Zashvin for $1.1 billion and focus on copper, iron ore, and crop nutrients.Anglo American sells Jellinbah stake, focuses on copper, iron ore, and crop nutrients. Will net $5-6b from divesting remaining coal assets.
BHP backtracks on remarks about failed Anglo American bid, clarifies deal not off the table. Labor issues in focus as company expands in South America.
Wave ((i))-navy of wave 3-grey is unfolding to push higher. It will continue to push higher, while price must remain above the 23.6% level to maintain this position. The push lower shows wave ((ii))-navy is unfolding.
BHP predicts a 70% increase in global copper demand by 2050, driven by traditional growth, green energy, and digital developments. Supply faces challenges from aging mines and complex projects.
The Fed's preferred inflation gauge, the PCE Price Index, rose 2.2% YoY, below expectations. Decline in overall inflation suggests an easing of price pressures.
Mining companies turning to acquisitions instead of exploration due to cost and risk. Copper prices down but shortages predicted, prompting industry consolidation.
BHP Group warns of copper shortage as Big Techs invest in AI. Demand could rise by 3.4 million tonnes by 2050, impacting companies like Microsoft, Google, Amazon, Tesla and Nvidia. JPMorgan predicts 4 million tonne deficit by 2030.
South Australian govt initiated app & assessment process for BHP's expansion of Olympic Dam copper smelter, boosting output & aligning with global energy transition. BHP's copper production expected to double by mid-2030s.
Rio Tinto and BHP share prices have dropped sharply this year and the situation could worsen as iron ore sinks. In Australia, BHP shares have fallen for four consecutive weeks and were trading at A$39.73, down 20% from the year-to-date high of $50.
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