BHP reaches far and wide to build iron ore resilience case

ON current analyst forecasts, BHP’s earnings this year will come in at around US$30 billion at the EBITDA level, down some $10 billion on its thumping S40.6 billion earnings in FY2022. Iron ore price weakness is largely to blame, writes Barry FitzGerald.

BHP reaches far and wide to build iron ore resilience case BHP reaches far and wide to build iron ore resilience case BHP reaches far and wide to build iron ore resilience case BHP reaches far and wide to build iron ore resilience case BHP reaches far and wide to build iron ore resilience case

Prices for the steelmaking raw material have slumped to $95 a tonne, with much of the price damage done in the September quarter when prices tanked by 20%.

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