BHP Group Ltd Stock Forum

Over the past week, the price of iron ore has experienced a notable rise, primarily driven by new stimulus measures from China. On September 24, 2024, iron ore futures surged by 4.64% on the Dalian Commodity Exchange, marking the largest single-day increase in over a year. This rally brought prices to around $99.38 per metric ton. Similarly, on the Singapore Exchange, the October contract rose by 5.8%, reaching $94.65 per ton.
This price recovery was fueled by China's central bank implementing i...

The world's two biggest economies are now cutting rates in unison. China's rate cuts today and stimulus delivers what markets want. Commodities, global consumer spending names, and EV giants are all lifting and seem well-supported. This isn't just a win for China—it's a global boost
In about 10 minutes, PBOC Governor Pan Gongsheng announced a bazooka of stimulus, never seen before,...

‘Nothing happens in China by chance, which extends to its access to raw materials… That’s why you should be observingiron ore importscarefully.
‘Strong numbers (in the face offalling steel production) will add weight to the theory that China is perhaps cutting steel production in a bid to drive down iron ore prices.’
So, what’s the latest import data telling us?
Official customs data for August won’t be released until next week…given the pressure in the iron ore market, this will be one of the m...

There's a lot to unpack after the Fed made a “strong” 0.5% rate cut. It will echo through global markets, as will the Fed' slower economic growth and higher unemployment estimates (see below*). While investors will weigh up how much the Fed's further ~2% of rate cuts coming down the line could support global markets and asset prices. There's a lot to assess over the coming weeks and months. But it's fair to say ‘sell ...