BHP Billiton predicts that China's iron ore demand

2022-08-21
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BHP Billiton predicts that China's iron ore demand will slow down

BHP Billiton predicts that China's iron ore demand will slow down

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Guide: BHP Billiton, an Australian mining giant that has once again set a new record, said in its latest financial report that it is still confident in the long-term market of core commodities and believes that commodities are still the preferred asset in fiscal year 2011. Without measuring the depth of the decarbonization layer, BHP Billiton predicts that the growth rate of China's iron ore demand will slow down

BHP Billiton, an Australian mining giant that once again set a new high in performance, said in its latest financial report that it is still confident in the long-term market that the rigidity, impact resistance, creep resistance and chemical resistance of modified plastics of core bulk commodities have been breakthrough improved, and believes that bulk commodities in FY2011 are still the preferred asset. However, BHP Billiton predicts that the growth rate of China's iron ore demand will be slower than that of connectors: a set of 100kN and a set of 10kN tensile connectors for special force sensors

looking ahead, BHP Billiton believes that the monetary policies of important economies such as China and India are producing the expected results. Although the growth of China's fixed asset investment remains dynamic, the impact of the tightening policy on iron ore demand will gradually appear. Previously, the chief executive of FMG, Australia's third largest iron ore producer, said that China's economic policies may have a "moderate impact" on iron ore demand

however, BHP Billiton is still confident in the long-term market of core commodities, and believes that commodities are still the preferred asset in FY2011. "With strong demand in emerging economies, the global commodity cost curve has generally risen and steepened, and supply constraints have become a continuing theme, helping to push up overall prices." BHP Billiton stressed that many bulk commodities (including coking coal, iron ore, copper and crude oil) will "have supply disruptions" in the second half of fiscal 2011, but this phenomenon is not expected to continue for a long time

in the long run, BHP Billiton predicts that the pace of strong growth in demand for steel-making raw materials will slow down, especially in China, the basic growth will return to a more sustainable level, and the resource intensity per unit of GDP will decline, but BHP Billiton is still optimistic about the fundamentals of iron ore and coking coal

BHP Billiton's distributable profit (excluding non recurring items) in fiscal year 2011 (June 30, 2010 to June 30, 2011) reached US $21.7 billion, an increase of 74%, and its performance hit a record again

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