Tuesday, May 13, 2008

BHP's Commodity Leadership

Australia's BHP Billiton (BHP) is the WORLD' LARGEST supplier of Manganese ore. According to Wikipedia.com, manganese is used for steel production and its use in steelmaking accounts for about 85-90% of the commodity's total demand.

BHP is also the world's 3rd largest supplier of nickel, seaborne iron ore, copper, silver and lead.

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*FYI, if BHP's proposed merger with Rio Tinto (RTP) were to go through the $450 Billion combined entity would supply 20% of the total iron ore (essential for steel production) consumed by China.

Data Courtesy: CNBC.