Bhp Share Discussion Threads

[poikka] 13/7/2019 08:49

Vale ordered to pay compensation to dam victims.

[la forge] 13/7/2019 07:57

EV Makers Have A New Favorite Metal
By MINING.com - Jul 12, 2019, 12:00 PM CDT
Join Our Community
Battery Packs

Battery metals tracker Adamas Intelligence says electric vehicle manufacturers deployed 57 percent more nickel in passenger EV batteries in May this year, compared to 2018.

The Toronto-based research company, which tracks EV registrations and battery chemistries in more than 80 countries says the nickel metal equivalent used in lithium-ion batteries (primarily in the form of nickel sulphate) increased by 69 percent whereas the amount used in nickel metal hydride (NiMH) batteries (primarily in the form of nickel hydroxide and AB5 nickel-REE alloy) increased by 26 percent.

The deployment of nickel also outpaced the growth of the EV market overall. In May this year, total passenger EV battery capacity deployed globally was 48 percent higher year-on-year, according to Adamas data.

Nickel’s inroads are mainly due to shifting chemistries of nickel-cobalt-manganese (NCM) battery cathodes.

First generation NCM111 batteries had a chemical composition of 1 part nickel, 1 part cobalt and 1 part manganese, but NCM batteries with higher nickel content (622 and 523 chemistries) are quickly becoming the standard in China, which is responsible for half the world’s electric car sales, and a much greater proportion of EV battery manufacture.

With worries about the security of supply of cobalt persisting, the industry is now fast moving towards even higher nickel content with the market share of NCM811 increasing to 2 percent worldwide and 4 percent in China in May, a doubling of market share in just one month.q
Related: China’s Crude Oil Imports Rise In June

Adamas points out that in China the increased deployment coincided with the launch of a number of new EV models in China using NCM811 cells from battery leader CATL.

The world’s number one carmaker, Volkswagen, is spending more than $50 billion on batteries to start mass producing EVs by mid-2023 and the company announced earlier this month that from 2021 it would use the NCM811 composition.

Nickel touched $13,000 a tonne for the first time since April on Wednesday. The price is up just over 19 percent in 2019 as the EV boom creates additional demand and primary use of the metal today – stainless steel production – continues to grow.

Cobalt is now worth $28,000 a tonne after peaking at $95,000 little more than a year ago as miners in the Congo – responsible for two-thirds of output – ramp up production.

By Mining.com

More Top Reads From Oilprice.com:

[waldron] 12/7/2019 17:03

Iron Ore 120.25USD -0.07(-0.06%)
Gold COMEX 1,410.80 +0.29%
Silver COMEX 15.18 +0.22%
Platinum NYMEX 831.20 +0.04%
Copper COMEX 2.68 -0.20%
Brent Crude Oil NYMEX 66.81 +0.44%
Gasoline NYMEX 1.94 +0.16%
Natural Gas NYMEX 2.43 +1.33%
(WTI) 60.37 USD -0.07%


(BHP)
1985.6 GBp +0.30%



Rio Tinto
4,808.5 -0.32%


Anglo American
2,152.5 +0.68%


Glencore
266.3 +0.49%

[loganair] 12/7/2019 09:29

It is being reported for next year there is going to be a 1.2mln barrels per day surplus in oil production.

[poikka] 11/7/2019 18:54

"According to the FT, the sale stems from a growing pressure from investors who are focused on environmental, social and governance issues.

Citing people familiar with the matter, the FT said the process is at a very early stage and there is no guarantee BHP will offload its assets in Australia and Colombia - which are expected to contribute 4% of the miner's underlying earnings this year."

[poikka] 11/7/2019 18:51

Kinda surprised that they're said to be shutting in production on GoM rigs, Barry's not exactly a hurricane, merely a TRS. Wasn't aware that it was going to amount to anything much, other than a lot of rain, maybe things are changing.

The FT reckons that BHP is flogging its thermal coal assets owing to pressure from environmental activists. That's ok then, get someone else to mine it. Media!

[waldron] 11/7/2019 16:56

Iron Ore 120.32 USD -0.52(-0.43%)
Gold COMEX 1,413.40 +0.06%
Silver COMEX 15.21 -0.14%
Platinum NYMEX 829.40 -0.07%
Copper COMEX 2.69 -0.22%
Brent Crude Oil NYMEX 67.04 +0.04%
Gasoline NYMEX 1.95 +0.19%
Natural Gas NYMEX 2.44 +0.29%
(WTI) 60.69 USD +0.38%

Rio Tinto
4,824 -0.66%

Anglo American
2,138 -0.72%

Glencore
265 -1.91%

(BHP)
1981 GBp -0.80%

[loganair] 11/7/2019 15:45

As I've posted myself a few times over the past year and a half how BHP have slowly been reducing their thermal coal assets in favour of buying Copper and deep sea oil assets and are also looking at buying into high grade Nickel assets as well.

'For BHP, thermal coal has become increasingly hard to justify. The company’s profits are driven by iron ore, oil, copper and coking coal (used to make steel) and thermal coal is likely to contribute just 1% of profit this year,'

For the next 10 to 20 years high grade thermal coalfor heating will remain very profitable, however in the long term thermal coal will be used less and less for the energy needs of countries and therefore it seems to me it is better to get out of coal now where the likes of BHP will still gain a good price for their coal assets.

'Macquarie said earlier this year that BHP’s Australian thermal coal business had a net present value of about $600 million and estimated the figure for its Cerrejon business in Colombia at about $1 billion.'

Personally I think BHP will settle for selling these assets at 50% of this value and will be happy to sell just to get shot of their Thermal coal assets.

[waldron] 11/7/2019 15:37

BHP Group PLC (BHP.LN) is advancing plans to exit thermal coal and is looking at options to divest the business, which includes assets in Colombia and Australia, Bloomberg reports.

--There is no guarantee that BHP will proceed with the sale, according to Bloomberg.



Full story:



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

July 11, 2019 10:13 ET (14:13 GMT)

[waldron] 10/7/2019 16:50

Iron Ore 120.84 USD -0.51(-0.42%)
Gold COMEX 1,409.50 +0.64%
Silver COMEX 15.18 +0.22%
Platinum NYMEX 830.40 +1.88%
Copper COMEX 2.68 +2.25%
Brent Crude Oil NYMEX 66.24 +3.24%
Gasoline NYMEX 1.92 +2.22%
Natural Gas NYMEX 2.47 +2.11%
(WTI) 59.44 USD +1.35%


Rio Tinto
4,852.5 +1.00%


Anglo American
2,153 +1.13%


Glencore
270.35 +1.56%

(BHP)
1996.8 GBp +1.10%

[bmnsa] 10/7/2019 16:00

Out with a nice profit:)

[la forge] 10/7/2019 08:13

BHP Deutsche Bank Sell 0.00 1,900.00 - Retains


RIO Deutsche Bank Hold 5,200.00 - Reiterates

[waldron] 09/7/2019 17:08

Iron Ore121.35 USD 2.18(1.80%)
Gold COMEX 1,398.80 -0.09%
Silver COMEX 15.10 +0.30%
Platinum NYMEX 811.80 -1.05%
Copper COMEX 2.62 -1.54%
Brent Crude Oil NYMEX 64.23 +0.19%
Gasoline NYMEX 1.87 +0.98%
Natural Gas NYMEX 2.40 +0.84%
(WTI) 57.91 USD +0.85%


Rio Tinto
4,804.5 +0.05%


Anglo American
2,129 -1.62%

Glencore
266.2 -2.88%


(BHP)
1972.5 GBp -1.00%

[waldron] 08/7/2019 17:05

Iron Ore 119.17 USD 2.07(1.74%)
Gold COMEX 1,398.40 -0.12%
Silver COMEX 15.07 +0.43%
Platinum NYMEX 819.80 +1.04%
Copper COMEX 2.66 +0.11%
Brent Crude Oil NYMEX 64.53 +0.47%
Gasoline NYMEX 1.91 -0.99%
Natural Gas NYMEX 2.36 -1.17%
(WTI) 57.99 USD +0.61%


Rio Tinto
4,802 +1.66%


Glencore
274.1 +1.69%



Anglo American
2,164 +1.24%


(BHP)
1992.8 GBp +1.90%

[grupo guitarlumber] 06/7/2019 08:05

17 July 2019

08:30 AM Melbourne time (approximate)

BHP Operational Review for the year ended 30 June 2019