BHP Group Ltd

BHP: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Mined Commodities: While Essential to the Economy, Moats Are The Exception Not the Rule

Jon Mills , Alex Anderson

May 28, 2025

Demand from China has been the main driver of rising commodity prices in the past two decades. More recently, gold is close to historical highs on safe-haven demand. However, driven by weak China steel end-user demand and slower global growth, most other commodity prices have fallen.

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BHP Group Ltd

Mined Commodities: While Essential to the Economy, Moats Are The Exception Not the Rule

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