BHP Group in Tuesday’s spotlight with investors keen for reassurance, and commodity prices will be “rising to new highs”
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Analysts at Jefferies expect volatility will remain in the sector for some time, but, in a note last month upgraded its targets for BHP – to 3,100p from 2,500p.
Analysts at Jefferies expect volatility will remain in the sector for some time, but, in a note last month upgraded its targets for BHP – to 3,100p from 2,500p.
Looking across the sector, the Jefferies mining team said: While iron ore shipments fell in the first quarter of 2022, with little organic growth, an uptick in Chinese demand could lead to a further lift in prices, Jefferies said.
Commodity prices, it expects, will be “rising to new highs”, although the pace of recovery could take a decade to be realised.
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