HomeEconomicBHP: China will be 'stabilizing force' for commodity demand in 2023

BHP: China will be ‘stabilizing force’ for commodity demand in 2023

Nick Falz, Holly Sydney, reporting from London

BHP, the world’s largest mining company, said China would be a “stabilizing force” for commodity demand this year as Beijing’s pro-growth policies offset weak economic performance in other developed markets.

The Australian natural resources company said on Thursday that China’s move to ease virus restrictions and stimulus for the real estate sector – a key driver of iron ore demand – would help conditions be “more difficult than the first half of the financial year”. The economic situation is gradually improving.”

The company reported record first-half iron ore production, producing a total of 1…

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