Is the BHP share price a buy? Here’s UBS’ view

Female miner smiling in front of a mining vehicle.

Image source: Getty Images

The BHP Group Ltd (ASX: BHP) share price has suffered from the significant volatility of the last few weeks. Some investors may be worried that US tariffs on China could impact demand for iron ore (and other commodities). As the chart below shows, BHP shares are down 8% from 28 March 2025.

UBS describes the ASX mining share as the world’s largest diversified resources company. BHP’s key businesses are iron ore, copper, coal and potash. Its strategy, according to the broker, is to own and operate a portfolio of long-life, expandable assets diversified by commodity, geography and market. The miner’s core assets are located in Australia and Chile.

FY25 third quarter update

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