BHP Leads Big Australian Miners on Copper -- Market Talk

Dow Jones2023-05-02

0158 GMT - BHP's already-strong copper business is about to be strengthened further by the acquisition of Oz Minerals, due to close Tuesday, UBS analysts say in a note. When it comes to copper, BHP is ahead of Australia-listed rivals Rio Tinto and South32 on a number of key metrics, including projected total copper Ebitda and copper as a proportion of group Ebitda through FY 2030, they say. South32 is expected to have the biggest near-term copper production growth, though. "Copper exposure is sought for leverage to electrification of transport and decarbonization of power grids" although "the universe of ASX listed copper stocks has shrunk post BHP's acquisition of OZL," says UBS. Still, UBS keeps a sell rating on BHP due to a cautious view on iron-ore prices for the next six to 12 months. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 01, 2023 21:58 ET (01:58 GMT)

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WongWA
2023-05-02
WongWA
Bhp biggest copper mine escondida. Is shared with rio tinto.....

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South32 is expected to have the biggest near-term copper production growth, though. \"Copper exposure is sought for leverage to electrification of transport and decarbonization of power grids\" although \"the universe of ASX listed copper stocks has shrunk post BHP's acquisition of OZL,\" says UBS. Still, UBS keeps a sell rating on BHP due to a cautious view on iron-ore prices for the next six to 12 months. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 01, 2023 21:58 ET (01:58 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BHP Leads Big Australian Miners on Copper -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBHP Leads Big Australian Miners on Copper -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-02 09:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0158 GMT - BHP's already-strong copper business is about to be strengthened further by the acquisition of Oz Minerals, due to close Tuesday, UBS analysts say in a note. When it comes to copper, BHP is...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIO","symbol_name":"力拓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2332590984","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2332590984","pubTimestamp":1682992680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0158 GMT - BHP's already-strong copper business is about to be strengthened further by the acquisiti","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIO":"力拓","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BHP.AU":"BHP GROUP LTD","BK4504":"桥水持仓","USB":"美国合众银行","BK7095":"多种金属与采矿","BK7511":"ESG概念","BK4588":"碎股","BK4168":"多种金属与采矿","RIO.AU":"力拓","S32.AU":"SOUTH32 LTD","BHP":"必和必拓公司","BK7507":"资源股","BK4207":"综合性银行"},"translate_title":"必和必拓领先澳大利亚大型矿业公司谈铜市场","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHP":1,"BHP.AU":0.9,"RIO":0.9,"RIO.AU":0.9,"S32.AU":0.9,"USB":0.9},"content_text":"0158 GMT - BHP's already-strong copper business is about to be strengthened further by the acquisition of Oz Minerals, due to close Tuesday, UBS analysts say in a note. 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