Okay, so BHP got hammered, and okay, it would've been smart to sell out when it was above $50 a share at the end of 2023/early 2024, but it's equally smart to buy back in because BHP isn't just about iron ore but also about copper.
BHP said last year it expects copper demand to grow 70% over the next 25 years, and yet there has been a complete lack of interest in natural resource investment over the last decade, with the current exception of gold. Commodity markets are cyclical by nature, and they have been relatively tame for a long time now. They are going to roar, at some point, and it’s likely sooner rather than later. Copper has managed to hold around current levels for the past few years while most other commodities were hammered. When will copper break out?
I don't need to know because I've held onto my BHP shares, waiting for the next leg up in commodities when copper will surely outperform.
