Mining giant BHP says China and India growth will buoy demand despite profit drop
Publishing timestamp: 2023-02-21 03:35:45
Summary
BHP, an Australian mining giant, is optimistic that China and India's growth will boost commodity demand despite reporting a steep drop in half-year profits. The company believes that Chinese and Indian growth will provide a counterbalance and support overall growth in the next 6-12 months. BHP is also looking for growth opportunities in South America and Africa, and is closely monitoring mining royalty bills in Chile.
Sentiment: POSITIVE
Keywords: earnings, asia economy, india, copper (mar'23), commodity markets, china, bhp group ltd, world economy, business news,