Category: Stock Market

We saw numerous companies in the S&P/ASX 200 Index (ASX: XJO) declare lucrative dividends throughout ASX reporting season in August.

Now, these ASX 200 shares are finalising which investors are entitled to the payments.

To do so, they set a cut-off date, which is also known as the ex-dividend date. This is the date that a company’s shares no longer trade with the upcoming dividend payment attached to it.

Tomorrow, there are three ASX 200 shares going ex-dividend. This means that today will be the last day to secure the latest dividends from these ASX 200 shares. Let’s check them out.

TPG Telecom Ltd (ASX: TPG)

TPG shares will be trading tomorrow without a fully franked interim dividend of 9 cents.

Investors who own TPG shares by the closing bell today can pencil in a payment date of 12 October.

The ASX 200 telco recently reported soft first-half results, impacted by restructuring and rising cost pressures.

TPG reported an adjusted net profit after tax (NPAT) of $331 million, up 4% from the prior year. According to a note from Goldman Sachs, TPG’s profits missed expectations by 15%.

Nonetheless, TPG lifted its interim dividend by 13% compared to the prior year.

TPG shares are currently printing a 12-month trailing dividend yield of 3.4%, which grosses up to 4.8% including franking credits.

News Corporation (ASX: NWS)

News Corp is another ASX 200 share going ex-dividend tomorrow.

The group recently declared an unfranked final dividend of 10 US cents. Like TPG, it will also be paid on 12 October.

The ASX 200 share delivered record results in FY22. Revenue climbed 11% to US$10.4 billion while net income nearly doubled to US$760 million.

This reflected improved performances across each of its segments, particularly news media and Dow Jones, along with the contributions from recent acquisitions. 

Despite the profit surge, News Corp left its dividend payments unchanged. The group has held its interim and final dividends steady at 10 US cents since FY16.

Based on current prices, this puts News Corp shares on a stable dividend yield of 1.2%.

Inghams Group Ltd (ASX: ING)

ASX 200 poultry business Ingham’s will also be going ex-dividend tomorrow, trading without a fully franked final dividend of 0.5 cents per share. Eligible shareholders will receive this payment on 5 October.

FY22 was littered with challenges for Ingham’s, including COVID disruptions, rising input costs, the war in Ukraine, and floods in parts of Australia.

Despite this, the company managed to grow its core poultry sales volume by 4% while revenue dropped just 2% to $2.7 billion.

However, the impact of the difficult trading environment was reflected below the revenue line, with rising costs of sales leading to a 44% fall in underlying NPAT.

Across the financial year, Ingham’s declared total dividends of 7 cents, down 58% from FY21. This equates to a dividend payout ratio of 62% of underlying NPAT, coming in at the lower end of the company’s target range of between 60% and 80%.

Whilst its dividend payments have fluctuated over the years, Ingham’s shares are currently dishing up a trailing dividend yield of 2.8%. With the benefit of franking credits, this yield grosses up to 4.0%.

The post 3 ASX 200 shares trading ex-dividend tomorrow appeared first on The Motley Fool Australia.

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More reading

• ‘Good value’: Expert names 2 ASX dividend shares to pounce on next dip
• Telstra share price is caught in no man’s land as Optus feud continues
• ASX bounces back and telco titans tussle. Scott Phillips on Nine’s Late News
• 2 ASX shares to buy as risk-reward plays after reporting season: expert
• These are the 10 most shorted ASX shares

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

It’s been a rough year so far for the stock market and the past few weeks have been especially shaky.

After a brief bear market rally, the S&P 500 has fallen more than 7% since mid-August. The tech-heavy Nasdaq is also down more than 10% in that time frame and many investors are concerned that this could be the beginning of a market crash.

There is a chance that stock prices could continue falling, and we may be headed toward a more significant downturn. But the good news is that it doesn’t necessarily matter whether the market crashes. Here’s why.

What history shows about market crashes

Nobody can predict exactly how the market will perform in the short term. Stock prices can be erratic, and even the experts can’t say for certain what will happen in the coming weeks or months.

What we do know, though, is that over the long term, the market is incredibly consistent. And if history shows us anything, it’s that there is good reason to be optimistic about the market’s future.

Since 1980 alone, the S&P 500 has fallen by at least 10% on 20 separate occasions. Some of those crashes were severe, too. During the Great Recession [2007-2008], for instance, the S&P 500 lost nearly 57% of its value at its lowest point. In the dot-com bubble burst in the early 2000s, it fell by close to 50%.

However, the S&P 500 has also earned returns of nearly 3,600% in that same time frame. Despite all this volatility, the stock market has an incredible track record of recovering from even the worst crashes.

^SPX data by YCharts

This isn’t to say that market crashes aren’t nerve-wracking. Nobody wants to see their portfolio plummet in value, and these downturns can be difficult to stomach even for the most experienced investors.

Over time, though, the market is much safer than it may seem. Even if a crash is looming, by sticking it out and staying invested, you can take advantage of those long-term gains.

The secret to making money in the stock market

While it can be intimidating, one of the best ways to maximize your earnings is to continue investing during downturns.

Again, stock market crashes aren’t easy. But they are one of the best opportunities to buy. Stock prices are significantly lower during a downturn, which means you can load up on solid investments at a fraction of the cost.

Then, when the market inevitably rebounds, you’ll reap the rewards. Case in point: Between 2009 and 2010 during the recovery phase of the Great Recession, the S&P 500 saw returns of close to 70%. If you had invested during the lowest point of that downturn, you likely would have seen substantial gains in a relatively short time.

It’s uncertain whether a market crash is looming, but the future isn’t as grim as it may seem. By continuing to invest and keeping a long-term outlook, it’s possible to make a lot of money in the stock market.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Will the stock market crash? It doesn’t matter as much as you might think appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares trading ex-dividend tomorrow
• How big will the BHP dividend be in 2023?
• Mineral Resources share price lifts on positive lithium project update
• Billions in liabilities could be set to hit CBA and other ASX banks: expert
• Here are the 10 most shorted ASX shares

 The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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One of the most popular options for income investors on the Australian share market is the BHP Group Ltd (ASX: BHP) dividend.

And it isn’t hard to see why. The mining giant has been rewarding its shareholders handsomely with big dividend payments in recent years.

This continued in FY 2022, with BHP declaring a fully franked full year dividend of US$3.25 (A$4.75) per share. Based on the latest BHP share price of $39.18, this equates to a very generous 12% dividend yield.

In light of this, investors may be wondering what is next for the BHP dividend. Let’s take a look at what one broker is expecting from the Big Australian.

How big will the BHP dividend be in FY 2023?

According to a recent note out of Morgans, its analysts are expecting the company’s dividend to be trimmed a touch in FY 2023. The broker is currently forecasting a US$2.84 (A$4.15) per share fully franked dividend over the next 12 months.

However, this still equates to a double-digit yield of approximately 10.5% for investors, which is among the best you’ll find on the local share market.

In addition, the broker sees plenty of upside potential for the BHP share price. It currently has an add rating and $48.00 price target on the company’s shares.

The company also made another appearance on Morgans’ best ideas list for September. It commented:

We view BHP as relatively low risk given its superior diversification relative to its major global mining peers. The spread of BHP’s operations also supplies some defence against direct COVID-19 impact on earnings contributors. While there are more leveraged plays sensitive to a global recovery scenario, we see BHP as holding an attractive combination of upside sensitivity, balance sheet strength and resilient dividend profile.

The post How big will the BHP dividend be in 2023? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Why did ASX 200 iron ore shares have such a strong end to the week?
• What’s happening with BHP shares this week?
• Do BHP shares give investors exposure to lithium?
• Why are ASX 200 mining shares getting blasted on Wednesday?

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The Mineral Resources Ltd (ASX: MIN) share price is in the green, up 2.3%.

Mineral Resources shares closed on Friday trading for $71.51 and are currently trading for $73.12 apiece.

Here’s what the S&P/ASX 200 Index (ASX: XJO) lithium and mining services share reported this morning.

What lithium results were reported?

The Mineral Resources share price is marching higher following a market update on the results from the initial phase one drilling program at the Buldania Lithium Project, located in Western Australia.

The Buldania Lithium Project is the initial focus area of the joint venture between Mineral Resources, Pantoro Ltd (ASX: PNR) and Tulla Resources Group Pty Ltd (ASX: TUL) – known as the Norseman Lithium JV.

Additionally, the drilling was conducted by Mineral Resources as part of its initial earn-in under the JV.

The phase one, 8,000 metre drilling campaign focused on a 1.6 kilometre strike where earlier rock chip sampling undertaken by Pantoro had returned elevated lithium values. The current program is the first to test for lithium potential in the Norseman tenement.

Pantoro reported that Mineral Resource’s drill holes confirmed the presence of lithium-bearing pegmatites.

Some significant results included:

• 9m @ 1.26% Li₂O and 151ppm Ta₂O₅ from 30m
• 8m @ 1.10% Li₂O and 118 ppm Ta₂O₅ from 53m
• 6m @ 1.02% Li₂O and 103 ppm Ta₂O₅ from 64m

Commenting on the results that are sending Mineral Resources shares into the green today, Pantoro managing director Paul Cmrlec said:

The first pass drilling results by MinRes are a great start to the Norseman Lithium JV. MinRes’s rapid advancement of the Buldania project provides great potential for Pantoro stakeholders.

MinRes is responsible for all costs associated with the Norseman Lithium JV until a saleable concentrate is produced from a purpose built processing plant and mining operation.

Further drilling, soil sampling, aerial surveys and flora and fauna surveys are in progress.

Mineral Resources share price snapshot

The Mineral Resources share price has been a strong performer in 2022, up 25%.

That compares to a year-to-date loss of 9% posted by the ASX 200.

The post Mineral Resources share price lifts on positive lithium project update appeared first on The Motley Fool Australia.

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More reading

• Possible lithium spinoff makes Mineral Resources share price undervalued: Credit Suisse
• Here are the top 10 ASX 200 shares today
• Brokers name 3 ASX shares to buy today
• 3 ASX mining shares shooting the lights out on Friday
• Why De Grey, Mineral Resources, Nuix, and Yancoal shares are racing higher

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Commonwealth Bank of Australia (ASX: CBA) and its peers could be hit with billions in liabilities that are on top of the threat of the falling housing market.

This new risk to ASX banks is linked to their scope 3 emissions, reported the Australian Financial Review.

Scope 3 quantifies the emissions of bank customers that receive loans from the bank. CBA revealed its scope 3 number for the first time in its climate report and it was several times larger than expected.

CBA’s potential $6bn emission headache

As a result, CBA could be facing more than $6 billion in costs by 2030, according to climate data specialist Emmi.

The estimate on the bank’s scope 3 liabilities are based on the expected price of carbon allocated to lenders.

Emmi also noted that CBA’s scope 3 figure of 24.4 million tonnes of carbon dioxide was 2,300 times higher than its scope 1 direct emissions.

Other ASX banks also on the hook for multi-billion liability

But CBA isn’t the only ASX bank that could be on the hook. Using CBA’s baseline data, Emmi believes the other three big banks’ scope 3 figures won’t be far behind.

The Australia and New Zeal Bank Group Ltd (ASX: ANZ), National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC) scope 3 number could come in between 18 million and 24 million tonnes of carbon dioxide.

This leaves the big four ASX banks at risk of coughing up tens of billions by the end of the century. That is if the regulators decide to lay the cost on them.

The banks’ scope 3 calculations include emissions from households that have a mortgage with the banks. CBA is the largest home lender in the country.

CBA and friends among worst emitters

If scope 3 emissions are counted, Emmi noted that CBA and the big ASX banks could be in the top 15 worst emitters on the ASX. The banks would be rubbing shoulders with Ampol Ltd (ASX: ALD), BlueScope Steel Limited (ASX: BSL) and Qantas Airways Limited (ASX: QAN).

ASX companies are not required by law to disclose scope 3 figures. But some have started to do so in anticipation of regulatory changes ahead. In this respect, CBA should be applauded for being an early mover by becoming more transparent.

CBA share price snapshot

It isn’t clear at this stage if ASX banks will be forced to wear the cost of their scope 3 emissions. But this risk comes at a time when the sector is under threat from a falling residential market and the slowing economy.

The CBA share price has fallen 6.8% since the start of this calendar year when the S&P/ASX 200 Index (ASX: XJO) has declined 7.1%.

In contrast, the ANZ Bank share price has tumbled 17.1%, the Westpac share price has dipped 1.9% and the NAB share price has gained 1.5% over the period.

The post Billions in liabilities could be set to hit CBA and other ASX banks: expert appeared first on The Motley Fool Australia.

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More reading

• ‘It’s a bit like a home renovation’: What does the future look like for ANZ shares?
• Top brokers name 3 ASX shares to buy next week
• Are NAB shares a better ASX 200 bank to buy than CBA right now?
• Westpac shares stepped into the green today amid RBA’s softer tone
• Could this help give the CBA share price an even bigger jump on its ASX counterparts?

Motley Fool contributor Brendon Lau has positions in Australia & New Zealand Banking Group Limited, Commonwealth Bank of Australia, National Australia Bank Limited, and Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Flight Centre Travel Group Ltd (ASX: FLT) continues to be the most share despite reporting a sizeable week on week reduction in short interest to 14.6%. Short sellers appear doubtful on the travel market recovery.
• Betmakers Technology Group Ltd (ASX: BET) has seen its short interest rise to 14.1%. Last month, this betting technology company posted a massive $89.2 million loss in FY 2022. Given the market’s current dislike for loss-makers, it isn’t surprising to see short sellers target the company.
• Lake Resources N.L. (ASX: LKE) has short interest of 10.1%, which is up slightly week on week. Short sellers aren’t giving up on this lithium developer’s shares despite a huge rally recently. Doubts over its DLE technology and a shock CEO departure recently are partly to blame for this short interest.
• Block Inc (ASX: SQ2) has short interest of 10%, which is down slightly week on week yet again. This short interest appears to have been driven by concerns over a potential US recession and the market’s aforementioned dislike of loss-making tech stocks.
• Zip Co Ltd (ASX: ZIP) has seen its short interest rise slightly to 9.8%. Short sellers appear doubtful that this buy now pay later provider’s cost cutting plans will lead to it becoming profitable in the coming years.
• City Chic Collective Ltd (ASX: CCX) has short interest of 9.05%, which is down slightly since last week. Short sellers have been loading up on this plus sized fashion retailer’s shares since the release of a very disappointing full year result which revealed the tripling of its inventory position and negative cash flow.
• Nanosonics Ltd (ASX: NAN) has short interest of 8.6%, which is down materially week on week. Short sellers have been targeting this infection prevention company’s shares due to concerns over sales disruption from a business model change in the key US market.
• De Grey Mining Limited (ASX: DEG) has short interest of 8.3%, which is also down materially week on week. Short sellers will have been disappointed to see this gold developer’s shares surge higher last week following an update on its Mallina Gold Project.
• EML Payments Ltd (ASX: EML) has returned to the top ten with short interest of 8%. This embattled payments company’s European operations are dealing with major regulatory issues at the moment.
• Pointsbet Holdings Ltd (ASX: PBH) has entered the top ten with short interest of 7.8%. Concerns over this sport betting company’s cash burn have been weighing on sentiment greatly.

The post Here are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why are Lake Resources shares among the most shorted on the ASX?
• Why De Grey, Mineral Resources, Nuix, and Yancoal shares are racing higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Betmakers Technology Group Ltd, Block, Inc., EML Payments, Nanosonics Limited, Pointsbet Holdings Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Block, Inc., EML Payments, and Nanosonics Limited. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, Flight Centre Travel Group Limited, and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The A2 Milk Company Ltd (ASX: A2M) share price has started the week in a very positive fashion.

In morning trade, the infant formula company’s shares are up almost 6% to $5.88.

This compares favourably to the 1% gain that the ASX 200 index has recorded in early trade.

Why is the A2 Milk share price racing higher?

Investors have been bidding the A2 Milk share price higher on Monday after the company and its dairy processing partner received some good news from China.

This morning Synlait Milk Ltd (ASX: SM1) revealed that it has received notification from China’s State Administration for Market Regulation (SAMR) that its current registration has been renewed until late February. This means that Synlait can continue to manufacture A2 Milk’s Chinese labelled infant formula under the previous food safety standard.

As its registration was due to expire this month, this development has removed a major short term risk that was weighing on the A2 Milk share price.

Though, it is worth noting that the company is not out of the woods just yet. Before this current registration expires, A2 Milk will need to be granted a registration for SAMR’s new safety standards when they come into place.

Both A2 Milk and Synlait are now busy working towards gaining this registration. And while dealing with Chinese authorities has not been easy for infant formula companies in the past (just ask Bellamy’s), management was quick to highlight that the Ministry for Primary Industries has co-operation arrangements in place with SAMR. It believes this positions New Zealand companies well in relation to China registration processes.

Overall, A2 Milk’s CEO, David Bortolussi, appears optimistic on the company’s future in China. He said:

We remain focused on the China market and are looking forward to the opportunity to make our newly formulated infant milk product available to parents and infants in China. In all circumstances, The a2 Milk Company fully respects SAMR’s governance and timing of this important registration process.

Following today’s gain, the A2 Milk share price is now up 19% since this time last month.

The post Why is the A2 Milk share price storming 6% higher on Monday? appeared first on The Motley Fool Australia.

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More reading

• A2 Milk share price on watch following China update
• Why A2 Milk, Life360, Nine, and Ramsay shares are dropping
• Why is the A2 Milk share price tumbling lower today?
• 5 things to watch on the ASX 200 on Friday
• Why has the A2 Milk share price leapt 17% in a fortnight?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Imugene Limited (ASX: IMU) share price isn’t going anywhere right now. The stock has been put into a trading halt earlier this morning pending the announcement of a capital raising.

The Imugene share price last traded at 22.5 cents.

Let’s take a closer look at what’s going on with the S&P/ASX 200 Index (ASX: XJO) biopharmaceutical favourite on Monday.

Why is the Imugene share price frozen on Monday?

The Imugene share price has been put in the freezer this morning as the company prepares to reveal a planned capital raising.

According to the company’s request for a trading halt, the raise will “facilitate investment from two new institutional investors”.

The stock will remain frozen until the company reveals more details or the market opens on Wednesday, whichever occurs first.

Imugene is an immuno-oncology-focused company developing therapies with the aim to treat cancerous tumours.

Its share price jumped nearly 7% last week on news it had dosed the first patient in its HER-Vaxx phase two trial.

The company reported a $37.9 million loss for financial year 2022, ending the period with around $99.9 million of cash.

Its coffers were bolstered by a $95 million capital raise in July 2021 when it offered new shares in the company for 30 cents apiece.

The Imugene share price has been underperforming lately. It has fallen 48% since the start of 2022. It’s also currently 45% lower than it was this time last year.

For context, the ASX 200 has dumped 8% so far this year and 6% over the last 12 months.

The post Why is the Imugene share price on ice today? appeared first on The Motley Fool Australia.

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More reading

• Imugene share price leaps 5% on trial news
• What’s going on with the Imugene share price on Thursday?
• Here are the top 10 ASX 200 shares today
• Net loss doubles in FY22, so what’s with the Imugene share price today?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Liontown Resources Limited (ASX: LTR) share price is starting the week poorly.

In morning trade, the lithium developer’s shares are down 2.5% to $1.76 despite the ASX 200 index storming higher.

Why is the Liontown share price falling?

Broad weakness in the lithium industry on Monday appears to have offset the release of a positive announcement this morning relating to the company’s Kathleen Valley Lithium Project in Western Australia.

According to the release, the company has awarded independent Australian power producer Zenith Energy the contract for the supply of power to the project. This follows a competitive tender process and agreement on the key commercial terms.

The release notes that Zenith Energy will finance, design, construct, own, operate and maintain a 95MW hybrid power station at Kathleen Valley for an initial term of 15 years from commercial operation. This is expected to coincide with process plant commissioning in the first half of 2024.

The hybrid power station will include wind generation from five wind turbines and a fixed axis solar PV array coupled to a battery energy storage system (BESS). Once fully constructed, it is expected to have the largest off-grid renewable capacity of any mining project in Australia.

‘Important milestone’

Liontown’s managing director and CEO, Tony Ottaviano, believes this is another important milestone. He commented:

Awarding the Power Supply contract is another important milestone for Liontown and the development of Kathleen Valley. We continue to deliver on our ESG credentials by taking real action to reduce the Project’s carbon emissions from the outset. We are delighted to partner with Zenith Energy, an experienced and highly competent power producer, following completion of a thorough competitive tender and commercial negotiation process.

We believe Zenith Energy is an ideal partner to deliver an industry leading hybrid power station to meet Liontown’s energy needs and requirements for a highcapacity renewable solution. When fully constructed, this hybrid power station will enable Liontown to exceed our target of achieving at least 60% renewable energy at Project start-up and beyond.

The post Liontown share price falls despite ‘milestone’ appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Thinking about snapping up ASX copper shares? Now could be the time to do so.

One expert is reportedly snapping up the metal and stocks that produce it.

That’s despite the three-month copper contract having fallen from approximately US$9,700 a tonne this time last year to around US$7,850 per tonne at Friday’s close on the London Metal Exchange.

So, why might ASX copper-producing shares be worth looking at right now? Let’s find out.

Is the future bright for ASX copper shares?

Newton portfolio manager Aron Pataki is reportedly gearing up for hard times. The fundie is leaning away from global equities, reports the Australian Financial Review, but he is doubling down on one sector.

That is commodities. And copper in particular.

He likes the metal as an inflation hedge, protecting shareholder value in this inflationary and rising interest rate environment. On top of that, demand is expected to take off in coming years.

Pataki said, courtesy of the publication:

Copper is a key ingredient in the electrification of the economy, in electric vehicles, smart grids, etc.

We think the demand will be very strong over the next couple of years, while supply is going to be relatively limited. Commissioning a new mine takes five to seven years. There have been some new ones commissioned, but we don’t think supply will ramp up.

It’s a similar view as that offered by S&P Global earlier this year.

It found demand for copper will likely double over the coming decade as the world works to achieve net-zero emissions by 2050, likely resulting in the deadline being missed.  

Perhaps unsurprisingly then, copper has been a major talking point among those interested in ASX shares lately.

S&P/ASX 200 Index (ASX: XJO) resources giant BHP Group Ltd (ASX: BHP) posed a $25 per share bid for copper pureplay OZ Minerals Limited (ASX: OZL) last month. The offer was quickly rejected.

Meanwhile, Rio Tinto Limited (ASX: RIO) is working to snap up the remaining stake in Turquoise Hill. Turquoise Hill is the co-owner of the Oyu Tolgoi copper-gold mine.

Finally, ASX 200 copper favourite Sandfire Resources Ltd (ASX: SFR) appears to be having a moment in the sun. Its share price lifted nearly 9% over the course of last week.

The post Are ASX copper shares worth buying right now? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why are ASX 200 mining shares getting hammered on Friday?
• What’s the outlook for ASX 200 copper shares in September?
• Why is the ASX 200 diving 2% on Tuesday?
• These were the best performers on the ASX 200 in August

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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