The US president said “drill,baby,drill” but his tariffs tanked the commodity’s price and they could reduce,not increase,production.
President Donald Trump’s administration is speeding up approvals for critical mineral projects in its trade war with China.
The Chinese demand driving resource giant BHP’s output of Australia’s largest commodity export,iron ore,will fade as President Donald Trump’s tariffs reduce global growth.
Resources giant Rio Tinto has held discussions with US President Donald Trump’s administration as it seeks to push ahead with a massive copper project in the US.
The ways markets are reacting to Trump’s tariffs paint a very threatening picture of the outlook for the US and the world.
This week’s Bulls N’ Bears ASX Runner of the Week is… Saferoads Holdings. The company’s share price rocketed after it pocketed $10.8M from the sale of its Road Safety Rental arm.
Donald Trump is considering tariffs on one of the 21st century’s most crucial metals. It’s good news for Rio Tinto and BHP but an own goal for the president.
The world’s biggest miner is turning to copper as iron ore demand wanes. It’s time to go for a mega takeover BHP has always shied away from:Going after the biggest copper mine of all.
The largest Australian miner has slashed its interim dividend and also posted a weaker profit.
Demand for iron ore,which has long been the core of BHP’s earnings,may have peaked,but the miner’s copper production bodes well for the future.