The main theme of the BHP results is that China is transitioning from being the main driver of growth in demand for commodities, to being a steady source of demand. — Reuters
THE changing nature of China’s commodity demand is neatly encapsulated by the latest results of BHP Group, the world’s biggest mining company and a major supplier to the top global buyer of iron ore, coal and copper.
BHP reported a steady first-half result yesterday, recording US$6.6bil in underlying profits, the same as the year-earlier period and beating an LSEG estimate of US$6.42bil.
