BHP Group: Australia’s iron ore output to rise 6% this fiscal year - Bloomberg
|Australian iron ore production will rise as much as 6% this fiscal year, according to BHP Group.
Total output is expected to jump to 273-286 million tons in fiscal year 2020, having dropped to 369.6 million tones in the previous fiscal year 2019. That was the first annual decline since China’s steel boom, which began at the start of the century.
BHP also expects copper output to rise as much as 8% the fiscal year.
Both iron ore and copper are Australia’s top exports.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.