BHP Group Ltd

BHP: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Mineral Resources and Vale the Cheapest Iron Ore Miners, With Our Assumed Prices Broadly Unchanged

Jon Mills

Jul 15, 2025

Shares of our iron ore, base metals, coal, and mineral sands miners have risen on last quarter after the shock of April 2, 2025 tariffs. With China driving demand for most commodities, investors appear to have concluded that tariffs wont materially weaken growth and commodity demand.

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BHP Group Ltd

Mineral Resources and Vale the Cheapest Iron Ore Miners, With Our Assumed Prices Broadly Unchanged

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