Join our daily newsletter At The Bell to receive exclusive market insightsAustralian shares are heading towards a -0.21% drop when the bell rings Friday, with it no real shock ASX 200 futures are tipping a decline considering how bullish the whole bourse got through to close yesterday.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.A heady +1.1% gain to 4pm on Thursday took us within touching distance of ...

AGENDA Opening Gustavo Werneck CAPEX and Financial Management Rafael Japur Brazil Maurício Metz North America Chia Wang Q&A Miguel Burnier sustainable mining platform - screening Fonte: Instituto Aço Brasil. 1 Média histórica entre 2016 e 2023. 2 UDM2024 vs 2023. 2 Path to sustainable value creation and the key themes in Gerdau's investment thesis Safety and high-performance people Steel industry outlook Structural competitiveness and diversification Financial discipline and excellence in capital allocation ...

The BHP Group Ltd (ASX: BHP) share price is down more than 1% on news of a reported Chinese ban on BHP’s iron ore.BHP is one of the world’s largest miners in the world. It’s a major iron ore producer and also mines copper and coal. The miner is also working on a potash (fertiliser) project.Iron ore ban?According to reporting by various media, including the ABC, the main Chinese buyer of BHP iron ore has temporarily paused purchases as contract negotiations faltered. This was originally reported by Bloomberg ...

China Mineral Resources Group, the state-owned Chinese iron ore buyer, has told domestic steelmakers and traders not to buy or take any iron ore cargo from BHP, the world’s biggest miner, amid stalled negotiations over contract renewals, sources with knowledge of the development have told Bloomberg. China Mineral Resources Group, created in 2022 to seek more favorable pricing from the top global miners for the giant Chinese steelmaking industry, is seeking greater influence for China in the global iron or ...

China’s state-run iron ore buyer has told major steelmakers and traders to temporarily halt purchases of all new BHP Group cargoes, escalating a pricing dispute that risks upending one of the mining giant’s most important trading partnerships. China Mineral Resources Group Co., created by Beijing to bolster the country’s sway in the global iron ore trade, asked domestic buyers this week to suspend purchases of any dollar-denominated seaborne cargoes from BHP, people familiar with the matter said, asking n ...

Key TakeawaysGold and Silver futures in India have soared to new all-time highs, with international gold prices also reaching a record $3,793 an ounce driven by a soft dollar and rate-cut expectations.Geopolitical tensions are escalating as China reportedly expands its commercial ferry fleet for potential amphibious operations against Taiwan, while President Xi Jinping is expected to pressure former President Trump on the issue.Asian markets showed mixed movements, with some indices advancing as the dollar ...

Rio Tinto Ltd (RIO share price in focusThe ASX:RIO ) share price is up 4.2% since the start of 2025. Let’s take a look at why investors might be interested in RIO shares.Founded in 1873, Rio Tinto is today the world’s second largest metal and mining company, behind only BHP Group. Rio Tinto is engaged in minerals and metals exploration, development, production and processing.Rio can be divided into four core business units: Aluminium, Copper & Diamonds, Energy & Minerals and Iron Ore.Of the four units, iron ...

Market Overview - Australian shares are declining further, influenced by the recent CPI data indicating overheating inflation, which reached a calendar high last month [1][2] - The consumer price index rose by 0.3% compared to July, leading to expectations that the Reserve Bank will not ease policies in their next meeting [2] - U.S. markets are also experiencing a downturn, with major indices like the S&P, Dow Jones, and Nasdaq down approximately 0.3% [3] Company News - Macquarie (ASX:MGQ) has agreed to compensate Shield investors up to $321 million following a deal with Australia's corporate regulator, as the Shield Master Trust was deemed to have failed [5] - Trigg Minerals (ASX:TMG) is promoting a "fast-tracked" development pathway for its Antimony Canyon project in Utah after identifying exploration targets [5] - Morella Corporation (ASX:1MC) is gaining attention for shifting focus to titanium at its Dixon Well Project after receiving positive rock chip assay results [6] - The lithium sector remains active, with the Trump administration expressing interest in acquiring a stake in Lithium Americas Corp, positively impacting companies like Pilbara Minerals (ASX:PLS) and Liontown Resources (ASX:LTR) [6] Commodity Prices - The Australian dollar is trading at 65.8 U.S. cents [7] - Iron Ore prices have slightly increased to $106.15 per tonne in Singapore [7] - Brent Crude oil has risen by 2.2% to $69.06 per barrel [7] - Gold remains strong at $3,748 per ounce [7] - U.S. natural gas futures are up by 0.7%, reaching $2.87 per gigajoule [7]

Summary of Key Points from the Conference Call Industry and Company Overview - The conference call discusses the implications of China's 15th Five-Year Plan (FYP) for the economy, markets, and sectors, focusing on rebalancing strategies and their impact on various industries. Core Insights and Arguments 1. **Rebalancing Theme**: The 15th FYP will emphasize rebalancing as an imperative theme, shifting from a supply-centric to a supply-demand balanced policy mode [1][2][9] 2. **Economic Growth Targets**: The new FYP aims for GDP growth in the range of 4.5-5.0%, with a realistic target of approximately 4.7% [2][12] 3. **AI Capital Expenditure**: An estimated >RMB3.3 trillion in AI capital expenditure is projected for 2025-2030, highlighting the importance of "new productive forces" [1][12][65] 4. **Consumption Rebalancing**: Genuine consumption rebalancing requires an additional ~RMB20 trillion, with a proposed realistic package of ~RMB16 trillion focused on structural cash handouts and social security enhancements [2][12][86] 5. **Sector Upgrades and Downgrades**: Healthcare and Insurance sectors have been upgraded to Overweight, while Telecoms and Oil & Gas sectors have been downgraded to Underweight in anticipation of the 15th FYP [1][4] Commodities Insights 1. **Energy Sector Changes**: A shift towards electrification and self-sufficiency is expected to reduce oil demand while increasing demand for power and renewables [3] 2. **Metals Demand**: The transition of capital from property to "new productive forces" is expected to benefit copper and aluminum, while iron ore and steel may face bearish trends [3] Additional Important Content 1. **Policy Focus**: The 15th FYP will likely prioritize economic development, tech and innovation, social welfare, green development, and reform [4][11] 2. **Debt Management**: Local government debt growth has slowed to a record low of 3.2% YoY in 2024, with an estimated LGFV debt stock at RMB55.3 trillion or 41.0% of GDP [36][38] 3. **Environmental Goals**: China is on track to meet its 2030 carbon peak goal, with energy consumption per unit of GDP declining by -11.6% from 2021-2024 [42][45] 4. **Service Sector Support**: The 15th FYP will likely prioritize service sectors, with financial and fiscal support aimed at accommodation, catering, and elderly care [79][81] This summary encapsulates the key points discussed in the conference call, providing insights into the strategic direction of China's economic policies and their implications for various sectors.

Core Viewpoint - BHP Group Ltd is experiencing a slight decline in share price, down 0.8% since the start of 2025, but remains an attractive investment due to its diversified operations and reliable dividend history [1]. Company Overview - BHP Group, founded in 1885, is a diversified natural resources company focused on producing commodities for energy and manufacturing [1]. - The company's core business lines include mineral exploration and production, with three main focus areas: copper and related minerals, iron ore, and coal [2]. Investment Appeal - BHP shares are considered a reliable dividend-paying investment and are commonly included in Australian share portfolios, making them accessible to a wide range of investors [3]. - The S&P/ASX200 Materials Index has averaged 4.73% annual capital growth over the last five years, indicating a stable performance compared to the ASX 200 index [4]. Dividend Insights - BHP has a strong reputation for paying dividends, with an average yield of 6.86% over the past five years, attracting investors focused on income [5]. - Currently, BHP shares have a dividend yield of approximately 5.52%, which is below the historical average, suggesting potential for future growth [7]. Growth Potential - The demand for essential minerals like iron ore, copper, and lithium is expected to grow, driven by the transition to renewable energy and the increasing need for materials in electric vehicle batteries and solar panels [6]. - BHP and other companies in the sector are investing significantly to position themselves for this anticipated demand surge [6]. Valuation Considerations - The fluctuation in dividend yield can indicate changes in dividends or share price; in BHP's case, the recent dividend was lower than the three-year average, suggesting a decline [8].