BHP's bullish twist

The mining giant is on the buy list, but not because of rising commodity prices.

It’s a long time since anyone suggested that management discipline was a reason to buy BHP Billiton. But, if you look through the current crop of optimistic share-price forecasts for the big miner, an interesting new reason underpins the outperform tips.

No longer is BHP Billiton seen as an easy winner from China’s appetite for commodities. Slower global growth has dulled demand for most raw materials, just as increased supply hits the market from boom-time construction of new mining projects.


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