Old metals versus new metals is one strategic perspective on the BHP demerger

John Robertson


Old metals versus new metals is one strategic perspective on the BHP demerger. BHP Billiton will retain the group's interests in iron ore and copper. Newco will get the aluminium, nickel and zinc exposure. The latter metals are associated with rising living standards. Past critical income levels, the growth in demand for the latter group accelerates and growth in the copper-steel complex diminishes. China is nearing this inflection point. As China comes to depend less on infrastructure spending and more on domestic income and consumption for its growth, Newco's product range will benefit and BHP Billiton may find itself missing out.

1 topic

John Robertson
John Robertson

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.