In a statement from BHP, Chief Executive Officer, Mike Henry was upbeat, stating that the company’s financial results were “strong” as it managed “lower commodity prices and inflationary pressures.” Continuing on, Henry stated that “commodity demand has remained relatively robust in China and India,” which seems at odds with recent concerns over China’s struggling economy. Henry addressed this concern too, stating that “China’s trajectory is contingent on the effectiveness of recent policy measures,” referring to China’s restrictions on crude steel production and potential stimulus measures for the country’s struggling real estate sector.
“…how effectively China’s stimulus policy is implemented” and “the breadth, timing and severity of any mandated steel production cuts.”
31st May 2024
8th May 2024
4th May 2024
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