2321 GMT - Rate cuts are expected to translate into a recovery for steel and copper demand across the OECD in the near term, following a period of softness in 2024, BHP says in its 1H report. "However, potential trade tensions present a risk to the recovery in developed economies and across the globe," it says. BHP says India is a bright spot for commodity demand. "While we anticipate a marginal cyclical deceleration across the Indian economy in the next two years, our view on its underlying structural growth potential remains intact," BHP says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 17, 2025 18:21 ET (23:21 GMT)
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