A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Australian commodity prices

BHP-Billiton hit $29.32 today. They have trebled over the past few years. They closed lower than this but my guess is they have further to go. The company has announced that it will increase the buyback of its shares by $2.25 billion. The stock has increased about 20% since I tipped them on 11th February this year on this blog.

The attached dramatic graph, released today by the RBA shows why the world’s largest mining company is doing so well. Actually there was a very slight decline in prices in March (you would have to be brave to pick a peak) but the dramatic growth over the past 6 years is clear.

Update: The role of BHP-Billiton’s uranium sales from Olympic Dam to China are emphasised here. BHP-Billiton got WMC for a song and will reap rewards for decades.

3 comments to Australian commodity prices

Leave a Reply