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BHP GROUP LIMITED

BHP Australian Iron Ore Outlook

By MAXiot
BHP trending downwards with weak economic output from Chinese construction activity. Expecting a pull-back to ~$30-31 before a potential reversal - conditional on COVID lockdowns easing in China and stimulus measures gaining traction. China's industrial production has been trending upwards since May 2022 with YoY August 2022 to 4.2%, compared to July's 3.8% [1].



[1] https://tradingeconomics.com/china/industrial-production
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