News Snapshot:
BHP’s dividend for the six months to June 30 is down 51 per cent on the prior corresponding six-month period, with Fortescue’s dividend off 17.4 per cent. The declines coincided with a slower-than-expected recovery in China after Beijing rolled back its restrictive COVID-19 health policies in January. Over the second half of this year, iron ore and base metal prices have rebounded to $US120.95 a tonne, with economic stimulus in China creating robust demand for steel as the country increases industrial construction to offset weak residential property markets. On Thursday, liquefied natural gas and oil producers Santos and Woodside Energy...
