The Rabid Capitalist

Professor Glenn A. Okun

BHP Group (BHP): BHP confirmed its estimate of copper production for 2024 of 1.72 to 1.91 million tonnes and iron ore production of 254 to 264 million tonnes.  It reported second quarter iron ore output at 65.8 million tonnes, down 2% from last year.  Metallurgical coal output fell 18% from last year to 5.7 million tonnes.

N.B.: The Rabid Capitalist advises subscribers to ignore BHP’s short term production data because our long term investment thesis remains intact.