BHP Group Ltd
BHP: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| BM^ | LOCK|&Y% | LOCK|pR!VdV |
Iron Ore Miners: Mineral Resources Is the Best Value as We Update Our Assumed Prices
The iron ore price continues to trade in a narrow range, with spot of around USD 100 per metric ton flat on a quarter ago as Chinese imports remain strong despite falling steel production. The copper price is also broadly unchanged, trading around USD 6 per pound, near historical highs.
