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☆ BHP Group, Nvidia, and more: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2022-12-01 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBHP Group, Nvidia, and more: CNBC's 'Halftime Report' traders answer your questionsCNBC's 'Halftime Report' traders, Bryn Talkington of Requisite Capital Management, Josh Brown of Ritholtz Wealth Management and Liz Young of SoFi answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the 'Halftime Report' team.

☆ BHP, Nvidia and more: CNBC's 'Halftime Report' traders answer your stock questions
▼ + stars: | 2022-12-01 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about stocks and ETFs during volatile markets, including whether to buy, sell or hold specific names. Requisite Capital Management's Bryn Talkington highlighted the reasons she likes and owns BHP Group . Josh Brown of Ritholtz Wealth Management explained why it's tough to say if Nvidia will return to an all-time high in 2023. Finally, Liz Young of SoFi talked about the main factors she believes will determine the Federal Reserve's decision on interest rate policy.

☆ Emerging market policymakers dare to hope for brighter 2023
▼ + stars: | 2022-11-30 | by ( Roberto Samora | ) www.reuters.com time to read: +3 min

He also said a reopening of China could propel the South Korean economy in 2023. "Actually if China loosens zero-COVID policy and reopens their borders and economy that will be a tremendous stimulus for us. Indian Finance Minister Nirmala Sitharaman forecast a "very good" economy ahead of 2024 national elections, fuelled by capital spending. State finance minister Shehan Semasinghe also said the nation was intent on meeting a December deadline to present plans to help unlock an International Monetary Fund bail-out. Zambia, which defaulted on its sovereign debt in 2020, aims to complete its restructuring of nearly $15 billion of external debt in the first quarter of 2023, Finance Minister Situmbeko Musokotwane said.

☆ BHP's Henry sees fundamentals in place for China's economic growth
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

Nov 30 (Reuters) - BHP Group's (BHP.AX) Chief Executive Mike Henry said that "all fundamentals are in place" in China for continued economic growth over the next 20 years. China, the world's second biggest economy, accounts for more than 50% of global demand for raw materials. Its economic activity has this year been dampened by targeted lockdowns in response to COVID-19 outbreaks. Speaking at the Reuters NEXT conference in New York Henry, head of the world's largest listed mining company, said he expects to see an "increasing domestic drive towards economic growth in China". Reporting by Clara Denina, Ernest Scheyder; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Australia's Fortescue taps Woodside veteran as CEO amid green energy push
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Australia's Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. REUTERS/Melanie Burton/File PhotoNov 29 (Reuters) - Australia's Fortescue Metals Group (FMG.AX) on Tuesday appointed former Woodside Energy (WDS.AX) executive Fiona Hick as its chief executive officer, effective February 2023, as Elizabeth Gaines made way for a new boss in August. Hick joins Fortescue at a time when the iron ore giant is delving into mining of critical minerals and rare-earths and is also striving to transition into a green energy firm through its unit Fortescue Future Industries (FFI). She will lead Fortescue Metals' mining arm, culminating a year-long search by the company's billionaire-founder and chairman Andrew Forrest. Gaines, who oversaw a tripling in the share price of one of the world's biggest iron ore miners in the past four years, remains on Fortescue's board as a non-executive director.

But it is spreading across finance, energy, retail and aviation, threatening to push up labour costs in industries facing supply-chain bottlenecks and worker shortages. The turmoil is especially pronounced because union power was curtailed in Australia under laws in place since the 1990s. In the year to June, the average Australian wage rose 2.6%, compared with inflation of 6.1%, according to official data. Despite seven interest-rate hikes since May, inflation is set to climb further before subsiding in 2023, the government says. But in the current climate in Australia, workers are in no mood to back down.

☆ Some Companies Band Together to Support Nascent Low-Carbon Products
▼ + stars: | 2022-11-21 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Global companies are combining their purchasing power to help commercialize low-carbon technologies as part of their efforts to meet net-zero commitments. One of the biggest corporate spending plans announced at the United Nations climate conference, known as COP27, was the First Movers Coalition. Its 65 member companies promise to collectively purchase $12 billion of nascent low-carbon products and services by 2030 to help suppliers develop their offerings and scale up. Once commitments are made, companies and suppliers meet regularly to share progress and work together. “Microsoft did not join [the First Movers Coalition] in Glasgow last year.

☆ BHP, World’s Top Miner, Nears Biggest Acquisition in a Decade
▼ + stars: | 2022-11-18 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

BHP runs the large Olympic Dam copper mine in South Australia and predicts that demand for copper will double in the next three decades. ADELAIDE, Australia— BHP Group Ltd. raised its offer for OZ Minerals Ltd. to value the Australian miner at $6.34 billion, as it seeks to produce more copper and nickel needed for electric vehicles, wind turbines and solar farms. OZ Minerals said it intends to recommend shareholders vote in favor of BHP’s revised offer of 28.25 Australian dollars, the equivalent of about $18.90, a share. A completed deal would represent BHP’s largest acquisition since 2011 when it bought Petrohawk Energy Corp. for more than $12 billion.

☆ Shares of Australia's OZ Minerals halted on 'potential change of control' deal
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

Nov 16 (Reuters) - Shares of Australia's OZ Minerals Ltd (OZL.AX) were placed on a trading halt early on Wednesday, pending an announcement regarding a potential change of control transaction, the gold and copper miner said. OZ has rebuffed the world's largest listed miner BHP Group (BHP.AX) on its A$8.34 billion ($5.64 billion) buyout offer calling it "opportunistic". OZ Minerals' successful study outcome for its West Musgrave copper-nickel project in Western Australia increased the chances that BHP would hike it's offer, analysts at Jefferies said in September. BHP did not immediately respond to a Reuters request for comment. ($1 = 1.4786 Australian dollars)Reporting by Melanie Burton in Melbourne and Sameer Manekar in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ New Zealand's Fonterra appoints Neil Beaumont as CFO
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: 1 min

Nov 9 (Reuters) - New Zealand's Fonterra (FCG.NZ) on Wednesday named Neil Beaumont as its chief financial officer (CFO), to succeed Marc Rivers who announced his exit earlier this year. Chris Rowe, the acting CFO, will continue until Beaumont steps into the role in early February 2023, the company said. Beaumont has previously held senior roles at mining giant BHP Group (BHP.AX) in Chile and Australia and at auditing firm KPMG. Fonterra Chief Executive Officer Miles Hurrell said, Beaumont is "an experienced global finance leader whose expertise in strategic implementation will be a real asset to our management team." Reporting by Roushni Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Saudi Arabia considers new mining index in diversification push
▼ + stars: | 2022-11-04 | by ( Praveen Menon | ) www.reuters.com time to read: +3 min

Mining Minister Bandar bin Ibrahim al-Khorayef told Reuters in an interview in Sydney that his team met with Australian counterparts to learn more about a mining index, similar to Australia's ASX 300 Metals & Mining (XMM) sub-index (.AXMM) that lists metals and mining firms including producers of gold, steel and precious metals. "We have a secondary stock market in Saudi...its still evolving. "The whole idea (of a mining index) is to ensure that we have something that financing companies or financial institutions like banks can have good visibility on," he said. "We want to encourage people who offer services to mining companies to come to Saudi either directly or through partnering with some local people. Saudi is hosting the Future Minerals Forum in Riyadh in January, where it hopes to announce more details of its plans for the mining sector.

SYDNEY, Nov 3 (Reuters) - Australia on Thursday urged its multi-billion dollar mining industry to support the government's plans for a referendum to give the country's Indigenous people a voice in parliament. The proposal to enshrine an Indigenous voice in parliament was a pledge Albanese's Labor party took to the May general election where it ended almost a decade of conservative Liberal-National coalition government. "I urge the resources sector to play a positive and energetic role in ensuring voice campaign is a success. After all, First Nations people of Australia were the first to inherit the extraordinary natural endowment this continent and the resources sector owes First Nations people so very much." A successful referendum would bring Australia in line with Canada, New Zealand and the United States in formally recognising indigenous populations.

☆ Miner BHP warns of inflation risks in 2023, says China demand to stabilize
▼ + stars: | 2022-11-01 | by ( Praveen Menon | ) www.reuters.com time to read: +2 min

"We do expect the lag effect of inflationary pressures to remain a persistent challenge through the 2023 financial year," Agar said. Mining firms have been warning high inflation could hit short-term demand and slow growth plans, although earlier this year skyrocketing prices for iron ore and other resources buoyed profits. Prices of iron ore have since fallen due to a gloomy outlook for China, the world's biggest steel producer. Agar said Europe and the U.K. are "almost certainly going to experience recession", and the U.S. economy will slow down. "We think China will be a source of stability for commodity demand over the next 12 months, as stimulus policies progressively take effect," Agar said.

☆ BHP Group, ArcelorMittal trial carbon capture at Europe, US steel plants
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Oct 27 (Reuters) - BHP Group (BHP.AX) is teaming up with steelmaker ArcelorMittal (MT.LU) and two others to test a new technology to reduce carbon emissions in steel making at two plants in Belgium and North America. By discharging over 3 billion tonnes of carbon dioxide a year, the steel industry accounts for 7-9% of global greenhouse gas (GHG) emissions. BHP's partnerships, for example, also include one with India's Tata Steel (TISC.NS), which uses biomass as a source of energy. "There isn't a silver bullet, there isn't one path or technology for low-carbon emissions in steelmaking," Pant said. "We are covering many different technologies and geographies with these partnerships ... to enable lower GHG emissions steel and support the reduction of carbon intensity in blast furnaces," Pant said.

☆ Woodside lifts output forecast as revenue soars on high energy prices
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

The company became a top-10 global independent oil and gas producer after its merger with BHP's petroleum arm was finalised this year, helping it double its output. read moreWoodside gained from weaker energy supplies following the Ukraine war, which pushed liquefied natural gas prices to new highs and forced buyers to scramble for alternate supplies from countries like Australia. Woodside also said it produced 51.2 mmboe during the quarter, the first full quarter of production since its merger with BHP's petroleum arm, compared with 22.2 mmboe a year earlier. This, along with the newly acquired BHP assets, helped boost quarterly revenue to $5.86 billion, from $1.53 billion a year ago. Woodside also said its Sangomar oil and gas project in Senegal was 70% complete at the end of September, with first production targeted for the latter half of 2023.

☆ BHP quarterly iron ore production rises on lower COVID-19 impacts
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

Oct 19 (Reuters) - BHP Group (BHP.AX) said on Wednesday its quarterly iron ore output rose, aided by better performance from its Western Australian assets and a continued ramp-up at its South Flank project. The higher production comes despite an 18% fall in spot prices of iron ore over the September quarter as China repeatedly locked down several major cities as part of its "zero-COVID" policy, hitting economic activity and demand for iron ore.Rival Rio Tinto (RIO.AX) had tempered its annual iron ore shipments forecast, after quarterly iron ore deliveries fell. The worker shortage continued to slow performance at its coal projects in New South Wales, which were already hit by floods. New South Wales energy coal production fell 38% in the September quarter. The global miner produced 72.1 million tonnes (mt) of iron ore in its first quarter, a 2% rise.

☆ Factbox: Automakers accelerate drive to secure battery raw materials
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

read more08-Dec-2021 - Belgium's Umicore (UMI.BR) will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. MERCEDES BENZ (MBGn.DE):23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. read more04-Oct-2021 - BHP Group (BHP.AX) will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. read moreFORD (F.N)22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada. read more22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.

☆ Buy these 8 stocks now before a 'pain trade' to the upside catches investors off-guard, says a top-2% fund manager
▼ + stars: | 2022-09-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

And I think that's going to be the story of this market." In fact, his fund, the Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), is in the top 2% of its category this year, according to Morningstar. "As people get more confidence, they're not going back into what I call the 'ARKK type' stocks," Forlines said. While Linde provides investors with a dividend yield of 1.69%, BHP has a gargantuan dividend yield of 13.4%. Unlike some of its peers, it hasn't been hurt by the dollar's massive rally this year, and its dividend yield is over 4% right now.

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