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The slides from the BHP presentation that's got markets spooked this morning. Slide 7 highlights...

The slides from the BHP presentation that's got markets spooked this morning. Slide 7 highlights the company's expectation that Chinese iron ore consumption - after more than quintupling between 2000 and 2012 - is not expected to be much higher in 2020 than it is today.
Comments (3)
  • Uncle Pie
    , contributor
    Comments (2863) | Send Message
     
    That's good! a management which understands that trees don't grow to the skies. Maybe a bit less capex will translate into higher return of capital to shareholders. Fingers crossed!

     

    Long BHP & BBL
    20 Mar 2012, 08:44 AM Reply Like
  • marpy
    , contributor
    Comments (701) | Send Message
     
    Maybe flattenning as far as demmand from BHP, and Vale is concerned but from the rest of the world it may be a different story. BHP and Vale p'd China off when they went to quarterly pricing and jacked up prices in a big way. As a result, china has spent the last few years diversifying their raw material suply chain and this is beginning to pay dividends for China. ;-)
    20 Mar 2012, 12:21 PM Reply Like
  • Bill Swiggart
    , contributor
    Comments (165) | Send Message
     
    Then was JOY, given its Chinese mining equipment sub, inaccurately down yesterday?
    21 Mar 2012, 08:41 AM Reply Like
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