BHP Reckons Rate Cuts Will Boost OECD Steel, Copper Demand -- Market Talk

Dow Jones

2025/02/18

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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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. 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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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 17, 2025 18:21 ET (23:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}