Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Copper in Focus: US Tariff Risks Fuel Stockpiling; VBM IPO Hits Roadblock

Iron Ore, Copper, Equities, Mint Finance

Umang Agrawal

Iron Ore, Copper, Equities

Equity Bottom-Up

<ul>
<li>Nearly half of BHP’s FY27 capex is directed towards copper, with operating cash flows expected to fully fund its growth ambitions through the mid-2030s.</li>
<li>BHP commits USD 500 million ahead of FID, moving early to secure equipment for Escondida’s expansion.</li>
<li>Options lean towards upside, with call interest concentrated at 100, while subdued IV points to limited expectations for near-term volatility.</li>
</ul>


Nearly half of BHP’s FY27 capex is directed towards copper, with operating cash flows expected to fully fund its growth ambitions through the mid-2030s.
BHP commits USD 500 million ahead of FID, moving early to secure equipment for Escondida’s expansion.
Options lean towards upside, with call interest concentrated at 100, while subdued IV points to limited expectations for near-term volatility.


BHP’s Copper Pivot Is Working, With Its Valuation Premium Raising The Execution Bar

BHP Group Ltd

BHP’s Copper Pivot Is Working, With Its Valuation Premium Raising The Execution Bar