The BHP share price is racing higher today. Here’s why
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The BHP Group Ltd (ASX: BHP) share price is charging higher today.
Shares in the S&P/ASX 200 Index (ASX: XJO) miner closed yesterday trading for $40.59. In morning trade on Tuesday, shares are changing hands for $42.20 apiece, up 4.0%.
That sees the big Aussie miner racing ahead of the benchmark, with the ASX 200 up a slender 0.1% at this same time.
And it’s not just the BHP share price that’s outperforming.
Rio Tinto Ltd (ASX: RIO) shares are up 4.9% at $125.28. And the Fortescue Ltd (ASX: FMG) share price is leading the pack, up 6.9% at $20.58 a share.
This is a welcome turnaround for stockholders, who’ve watched shares of the big Aussie mining stocks slump this year amid tepid commodity prices.
Here’s…
