Old metals versus new metals is one strategic perspective on the BHP demerger
John Robertson
PortfolioDirect
Old metals versus new metals is one strategic perspective on the BHP demerger. BHP Billiton will retain the group's interests in iron ore and copper. Newco will get the aluminium, nickel and zinc exposure. The latter metals are associated with rising living standards. Past critical income levels, the growth in demand for the latter group accelerates and growth in the copper-steel complex diminishes. China is nearing this inflection point. As China comes to depend less on infrastructure spending and more on domestic income and consumption for its growth, Newco's product range will benefit and BHP Billiton may find itself missing out.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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