Is BHP Billiton getting the heat from iron ore price volatility?
BHP Billiton Ltd.’s (ASX: BHP) stock price has dropped about 9.7 per cent in the last three months (as at April 18, 2017) at the back of the iron ore price volatility. BHP stock price was otherwise seen to be on the uptrend with 27.9 per cent rise in last one year at the back of commodity price resurgence witnessed since mid of last year. BHP had reported for record production for the half year 2017 at Western Australia Iron Ore (WAIO), and also maintained full year production guidance for Petroleum, Iron Ore and Coal. BHP’s total iron ore production for the December 2016 half year jumped up by 4 per cent to 118 Mt or 136 Mt on a 100 per cent basis.
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