BHP surges through $50 for first time since 2023
BHP is trading up over 3% this morning breaching $50 for the first time since 2023 despite the markets concerns around iron ore supply in the coming years – over 40% of its revenue coming from copper is starting to take centre stage.
- We maintain a bullish bias towards copper and the ASX miners in general.
However, having lifted our position in both the Active Growth and Income Portfolios closer to $40 we are considering trimming, not closing, into this current strength.
MM is long and bullish BHP around $50
Add To Hit List
