If you’re looking for some Christmas bargains, then you may want to check out the two cheap ASX dividend shares listed below that Goldman Sachs rates as buys.

Here’s why the broker thinks investors should be buying their shares:

Adairs Ltd (ASX: ADH)

The first ASX dividend share that Goldman Sachs is recommending investors buy is Adairs.

It is the leading furniture and homewares retailer behind the Adairs, Focus on Furniture, and Mocka brands.

Goldman believes that Adairs’ core business is far more resilient than the market is giving it credit for. As a result, it feel its shares are trading at an unjustified discount to other retailers.

The broker commented:

We view the re-affirmed guidance [at its AGM] as a key positive for ADH, and we believe the market is pricing in EBIT that is 11-21% below the guidance range, and 12% below GSe. We view the core Adairs business as resilient in the current environment and do not believe the c.40% discount to discretionary retail peers is justified.

Goldman has a buy rating and $2.65 price target on its shares. In addition, sweetening the deal even further, its analysts are expecting some very big yields from the retailer’s shares in the coming years.

It is forecasting fully franked dividends per share of 17 cents in FY 2023 and 20 cents in FY 2024. Based on the latest Adairs share price of $2.22, this will mean yields of 7.6% and 9%, respectively.

Elders Ltd (ASX: ELD)

Another ASX dividend share that could be cheap according to Goldman Sachs is Elders.

It is a leading agribusiness company that offers a range of services to rural and regional customers across the ANZ region.

Goldman Sachs believes that Elders’ shares have unnecessarily been sold off, which could have created an excellent buying opportunity for investors given its positive outlook.

It commented:

We view the share price reaction as unwarranted. The fundamentals of this company remain unchanged, and strong in our view. […] In our view, ELD is very well positioned to grow through the cycle.

Goldman has a conviction buy rating and $18.40 price target on its shares.

As for dividends, it is expecting fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $10.27, this will mean yields of 5.15% and 5.55%, respectively.

The post The cheap ASX shares to buy for dividends: Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• If I was 40 and had never invested, here’s how I’d aim to build a $500,000 ASX share portfolio
• Here are the top 10 ASX 200 shares today
• Top ASX dividend shares to buy in December 2022
• Earn passive income with these strong ASX 200 dividend shares: brokers

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 Adairs. The Motley Fool Australia has positions in and has recommended Adairs. The Motley Fool Australia has recommended Elders. 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 ASX share market and global stock market have been through a rollercoaster in 2022. What does 2023 have in store?

I believe looking at the performance of the US share market – which covers a wide range of global companies – is a good proxy for how investors are feeling about the situation.

One of my preferred ways to evaluate the performance of the US share market is to look at the exchange-traded fund (ETF) iShares S&P 500 ETF (ASX: IVV).

For the year to date, it’s down by more than 13%, though by mid-June it was down by more than 20%.

While a 13% drop isn’t as much as the declines of plenty of individual ASX shares this year, such as Xero Limited (ASX: XRO), it still represents a negative turnaround from the returns we’ve seen in the last couple of years and indeed the past decade.

Given how high interest rates are – and they’re still going higher, at least in the US – could 2023 see another crash for the ASX share market?

Why 2023 may be another tough year

The interest rate can have a very big impact on the valuations of assets — the higher it goes, the more it’s supposed to hurt valuations, in theory. The US Federal Reserve is probably the world’s most important central bank, and has been dealing with very high inflation in the US, which has had an impact on the global stock market.

While US inflation may start to settle down in 2023, Federal Reserve boss Jerome Powell has indicated (as reported by my colleague Bernd Struben) that it could still take some effort to get inflation back to a stable level. This could see the US interest rate go above 5% and stay relatively high for longer than expected.

With the iShares S&P 500 ETF up 9% since the low in June 2022, and the S&P/ASX 200 Index (ASX: XJO) up around 11% since mid-June, the market may already be thinking the worst is over. In time, this could end up being a premature conclusion.

It could take some time for the full effect of these interest rate rises to flow through the Australian and US economies. The central banks want to take the heat out of the economy, but the higher costs to consumers and households could lead to a downturn, hurting the overall earnings of companies within the ASX share market.

Seeing as normal businesses are typically valued by their profitability, a downturn could hurt investor sentiment and put us back into a bear market.

Of course, there is also something completely unpredictable that could cause problems for the global stock market as well.

The case for uncertainty to improve in 2023

I think the share market is largely forward-looking. When the future seems dramatically uncertain, we see large sell-offs. This happened earlier this year when it was uncertain how high inflation would go. Yet, despite interest rates rising even higher, the ASX share market has risen.

For example, at the start of the COVID-19 pandemic, the bottom of the plunge for many businesses on the global stock market was in March 2020, even though there were a growing number of cases, deaths, and lockdowns in the subsequent months.

There are signs that the worst of inflation is over, which could bring forward the peak interest rate. The US Federal Reserve ‘only’ increased its interest rate by 50 basis points last week rather than 75 basis points. Collectively, the market may be comfortable enough with what’s going to happen next.

It’s normal for the stock market to go up and down, but with central banks slowing down the rate increases, we may have moved past the worst of things, even if there is a bit of volatility.

Foolish takeaway

I think we may have seen the low point for the share market when it comes to this period of rapidly rising interest rates. So, I’m not expecting the share market to fall further than we saw in June.

But, it’s certainly possible that the ASX share market could drop 10% or 15% at some point over 2023, particularly if it starts from a comparatively higher level. If an asset goes up 10% and then drops 10%, it’s roughly back to where it started.

The post Will there be a stock market crash in 2023? appeared first on The Motley Fool Australia.

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More reading

• Is the iShares S&P 500 ETF (IVV) a buy following its stock split?
• Is the iShares S&P 500 ETF (IVV) really down 95% today?
• What you need to know about next week’s iShares S&P 500 ETF (IVV) stock split
• 2 ASX ETFs I’d buy right now if I were in my 20s
• 2 high quality ETFs for ASX investors to buy now

Motley Fool contributor Tristan Harrison 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 Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended iShares S&p 500 ETF. 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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Do you want to add an exchange traded fund (ETF) or two to your portfolio in 2023?

Well, depending on what your investment objective is, the two ETFs listed below could be worth considering. Here’s what you need to know:

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

If you’re looking for an ETF to buy and hold then the VanEck Vectors Morningstar Wide Moat ETF could be the one.

This popular ETF has been a strong performer over the last decade thanks to its focus on fairly priced US companies with sustainable competitive advantages or moats. These are qualities that Warren Buffett famously looks for when making investment. And given his success over multiple decades, it is hard to argue against the strategy.

VanEck Vectors Morningstar Wide Moat ETF regularly changes its constituents because it removes stocks when they become overvalued. But generally, there will be approximately 50 shares in the fund at any given time. At present, this includes Adobe, Alphabet, Amazon, Boeing, Microsoft, Salesforce, and Walt Disney.

Over the last decade, the index that it tracks has outperformed the market with an average annual return of 19.2%. This would have turned a $10,000 investment into almost $60,000 today.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

If income is your aim then you might want to consider the Vanguard Australian Shares High Yield ETF.

This ETF provides investors with low-cost exposure to ASX-listed companies that have higher forecast dividends relative to other ASX-listed companies.

The good news is that the ETF has been made with diversification front of mind so you don’t end up with a portfolio filled with coal and iron ore miners.

Vanguard restricts the proportion invested in any one industry to 40% and 10% for any one company. Furthermore, Australian Real Estate Investment Trusts (A-REITS) are excluded from the index, so there’s limited exposure to the property market.

Among the ~70 shares included in the portfolio you’ll find giants including BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), Telstra Corporation Ltd (ASX: TLS), and Wesfarmers Ltd (ASX: WES).

Finally, as you would expect, the dividend yield on offer is notably better than average. At present, the Vanguard Australian Shares High Yield ETF trades with an estimated forward dividend yield of 5.5%.

The post 2 of the best ETFs for ASX investors to own in 2023 appeared first on The Motley Fool Australia.

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More reading

• 2 high quality ETFs for ASX beginner investors to buy in 2023
• If I was 40 and had never invested, here’s how I’d aim to build a $500,000 ASX share portfolio
• The ASX-listed ETFs to buy for a passive income in 2023
• One Warren Buffett-style stock I’m ‘never’ selling
• How I’d build passive income with just $20 a week

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 VanEck Morningstar Wide Moat ETF and Vanguard Australian Shares High Yield ETF. 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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When you first start investing, you might look for high risk, high reward growth shares. You can do this because if things don’t go to plan, you have plenty of time to recover from your losses.

But when you’re in retirement or approaching it, investors may be better focusing on income and capital preservation.

With that in mind, listed below are two ASX 200 shares that could be good options for retirees. Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share to look at for a retirement portfolio is supermarket giant Coles.

Coles could be a great option in the current environment thanks to its defensive qualities, positive exposure to inflation, and favourable long term growth outlook.

The latter is being underpinned by the company’s refreshed strategy, which aims to cut costs through automation and efficiencies. This includes the construction of new distribution centres with automation giant Ocado.

The team at Citi is positive on Coles and has a buy rating and $18.90 price target on its shares.

In respect to dividends, the broker is forecasting fully franked dividends of 72 cents per share in FY 2023 and 77 cents per share in FY 2024. Based on the latest Coles share price of $16.92, this will mean yields of 4.25% and 4.55%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 share that could be a top option for retirees is Telstra.

Much like Coles, it has defensive qualities that could prove valuable in the current environment. In addition, the company’s outlook is arguably the most positive it has been in over a decade thanks to the success of the T22 strategy and the new T25 strategy.

The latter is targeting high-teens underlying earnings per share compound annual growth through to FY 2025.

Morgans is a fan of the company and currently has an add rating and $4.60 price target on its shares.

As for dividends, it is forecasting 16.5 cents per share dividend in FY 2023 and FY 2024. Based on the current Telstra share price of $4.05, this equates to a 4.1% dividend yield.

The post Building a passive income for retirement? Check out these ASX 200 dividend shares – analysts appeared first on The Motley Fool Australia.

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More reading

• Start generating extra income by investing $5 a day in ASX shares. Here’s how
• Why all eyes will be on Telstra shares this week
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why is the Telstra share price lagging the ASX 200 today?
• 3 top dividend payers of the ASX 200

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 positions in and has recommended COLESGROUP DEF SET and Telstra Corporation 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.2% to 7,133.9 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set to fall on Tuesday following another poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 33 points or 0.5% lower. In late trade in the United States, the Dow Jones is down 0.9%, the S&P 500 is down 1.25%, and the NASDAQ has sunk 1.65%.

Reliance named as a buy

The Reliance Worldwide Corporation Ltd (ASX: RWC) share price could be in the buy zone according to analysts at Goldman Sachs. This morning, the broker reiterated its buy rating on the plumbing parts company’s shares with a $4.05 price target. It said: “YTD RWC’s share price has underperformed the US homebuilder Index and UK peers/channel partners. Adjusting for EPS revisions RWC has also de-rated more than both cohorts. We believe RWC is oversold.”

Oil prices rise

Energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good day after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.9% to US$75.67 a barrel and the Brent crude oil price has risen 1.5% to US$80.24 a barrel. Optimism over the Chinese economy outweighed concerns over a global recession.

Bega rated as a sell

The Bega Cheese Ltd (ASX: BGA) share price could be overvalued according to Goldman Sachs. This morning it has retained its sell rating with a $3.35 price target. It said: “We see BGA as strategically better placed than many of its Australian dairy competitors but the industry continues to face significant headwinds which we believe may not be fully reflected in the current share price.”

Gold price falls

Gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued day after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.2% to US$1,797.2 an ounce. Higher bond yields weighed on the precious metal.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Invest, or not to invest in ASX shares: Why I think the pessimists are wrong again
• Is the Pinnacle share price the ASX 200’s biggest bargain right now?
• Why this blue-chip stock is a no-brainer buy for dividend growth investors

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 Reliance Worldwide. The Motley Fool Australia has recommended Reliance Worldwide. 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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With so many blue chip ASX 200 shares for investors to choose from, it can be hard to decide which ones to buy.

To help narrow things down, I have picked out two that analysts rate as buys right now. They are as follows:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share that is highly rated is CSL.

CSL is one of the world’s leading biotechnology companies, comprising the CSL Behring business, newly formed CSL Vifor business, and the Seqirus business.

Thanks to a combination of strong demand for its products and its material investment in research and development (R&D) each year, CSL has been growing at a solid rate for well over a decade. The good news is that these same factors are expected to support further growth in the coming years.

This will be supported by improvements in plasma collections and the company’s new collection technology. The latter is designed to collect plasma more efficiently and deliver stronger yields, which could be a meaningful boost to margins.

Citi is positive on CSL and currently has a buy rating and $340.00 price target on its shares.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group.

This leading integrated commercial and industrial property company currently has $77.8 billion of total assets under management and over 1,700 customers globally. This includes blue chip customers such as Amazon, Coles Group Ltd (ASX: COL), DHL, and Walmart.

But it isn’t settling for that. Goodman continues to build new properties and has $13.8 billion of development work in progress across 85 projects. With a yield on cost of 6.1%, these properties look likely to support solid growth in the future.

Goldman Sachs is a big fan of Goodman. It is expecting Goodman to continue its strong earnings growth in the coming years. For example, it has forecast a compound annual growth rate of ~14% between FY 2022 and FY 2024.

Goldman has a buy rating and $24.20 price target on the company’s shares.

The post Here’s why analysts rate these blue chip ASX 200 shares as buys appeared first on The Motley Fool Australia.

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More reading

• Experts say these strong blue chip ASX 200 shares are buys for 2023
• Bell Potter says these are some of the best ASX shares to buy for 2023
• Stock market millionaire: I’d put $500 a month into the ASX 200 to aim for 7 figures
• CSL share price slumps as new CEO appointed
• CSL share price on watch as CEO announces retirement

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 CSL Ltd. 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 ASX 200 big four bank shares have always had a reputation as strong dividend income payers. And Westpac Banking Corp (ASX: WBC) shares are no different.

As it currently stands after Monday’s close, Westpac shares have a trailing dividend yield of 5.38% on the table. This yield, as is typical with Westpac, also comes fully franked. That means it grosses-up to an impressive 7.69% with the value of those franking credits.

But a high yield, even a full-franked one, doesn’t always translate into a good investment. Dividend income is never guaranteed from an ASX share. And plenty of investors have been burned by the dreaded ‘dividend trap’ – buying a share for a high yield that never materialises – before.

Westpac shares have had a decent 2022 though, as you can see below:

This ASX 200 bank share is up more than 7.6% year to date this year, which looks pretty good against the S&P/ASX 200 Index (ASX: XJO)’s loss of 6%.

So that begs the question: Are Westpac shares worth buying now for dividend income in 2023 and beyond? Well, let’s see what some ASX brokers reckon.

ASX brokers name Westpac shares as a buy for dividend income

An ASX broker who thinks Westpac shares are a compelling buy right now is Goldman Sachs. As my Fool colleague James recently covered, Goldman currently rates Westpac shares as a conviction buy, with a 12-month share price target of $27.60 on the bank.

If realised, that would result in an upside of more than 18.7% from the current share price.

A big part of Goldman’s bullishness comes from its dividend projections. The broker reckons Westpac shares will pay out 148.4 cents per share in income over FY2023, rising to 160 cents per share in FY2024. No doubt income investors would be delighted if that came to pass.

But Goldman isn’t the only broker rating Westpac shares right now. As we looked at earlier this month, another broker in Morgans is also eyeing Westpac off as a ‘best idea’ right now.

Morgans has a lower share price target of $25.80 on Westpac shares. But this broker is also expecting Westpac to keep its dividends growing. It has a projection of 153 cents per share from Westpac in FY2023, rising to 159 cents per share in FY2024.

So no to one, but two ASX brokers reckon Westpac shares are a buy today for dividend income in 2023 and beyond. Time will tell if they are on the money.

The post Are Westpac shares worth buying now for dividend income in 2023? appeared first on The Motley Fool Australia.

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More reading

• Start generating extra income by investing $5 a day in ASX shares. Here’s how
• Why is the Westpac share price wilting on Wednesday?
• Analysts expect 6% yields from these ASX dividend shares in 2023
• 5 things to watch on the ASX 200 on Wednesday
• Tyro share price rebounds 14% as rumours swirl over next moves

Motley Fool contributor Sebastian Bowen 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 Westpac Banking. 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 S&P/ASX 200 Index (ASX: XJO) has started the week in the red. The index slumped 0.21% on Monday to close at 7,133.6 points.

Fortunately, that was a relatively tame tumble compared to that posted by New York indices on Friday. The Dow Jones Industrial Average Index (DJX: .DJI) fell 0.8%, the S&P 500 Index (SP: .INX) slumped 1.1%, and the Nasdaq Composite Index (NASDAQ: .IXIC) dumped 1% amid recession concerns seemingly spurred by hawkish comments from US Federal Reserve officials.

Today also saw the ASX 200’s latest quarterly rebalance take effect. Only two stocks were involved in the December shakeup. St Barbara Ltd (ASX: SBM) was booted from the iconic index, and replaced by Monadelphous Group Limited (ASX: MND).

The S&P/ASX 200 Energy Index (ASX: XEJ) and the S&P/ASX 200 Materials Index (ASX: XMJ) were today’s top-performing sectors. They gained 0.5% and 0.4% respectively.

Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ), the S&P/ASX 200 Health Care Index (ASX:  XHJ), and the S&P/ASX 200 Real Estate Index (ASX: XRE) were among the worst performers. They dropped 0.8%, 0.8%, and 1.1% respectively.

But which ASX 200 share dodged today’s carnage to post the strongest start to the week? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top performer was none other than Nickel Industries Ltd (ASX: NIC). Its stock rose around 5% despite the company’s silence.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Nickel Industries Ltd (ASX: NIC)	$0.99	4.76%
United Malt Group Ltd (ASX: UMG)	$3.48	4.5%
Evolution Mining Ltd (ASX: EVN)	$2.90	4.32%
New Hope Corporation Limited (ASX: NHC)	$6.49	4.01%
Paladin Energy Ltd (ASX: PDN)	$0.735	3.52%
Silver Lake Resources Limited (ASX: SLR)	$1.21	3.42%
Northern Star Resources Ltd (ASX: NST)	$11.02	3.38%
De Grey Mining Limited (ASX: DEG)	$1.235	3.35%
Whitehaven Coal Ltd (ASX: WHC)	$10.60	3.11%
Chorus Ltd (ASX: CNU)	$7.85	3.02%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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• Here are the 3 most heavily traded ASX 200 shares on Monday
• Guess which ASX 200 gold CEO just sold $2 million worth of shares
• Why Core Lithium, MMA, Northern Star, and Warrego Energy are charging higher
• Invest, or not to invest in ASX shares: Why I think the pessimists are wrong again
• Is the Pinnacle share price the ASX 200’s biggest bargain right now?

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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It has been a hellacious year for investors seeking inflation-beating returns. Those with exposure to certain commodities have generally performed stronger than other pockets of the market. Yet, 2022 probably won’t go down as a triumphant one for copper.

Unlike lithium, the price of copper has descended throughout the year rather than strengthen. In quantifiable terms, lithium has skyrocketed by more than 100%. Meanwhile, a chunk of copper is going for 15% less. The stark contrast has played out despite both materials being expected to benefit from the electrification trend.

Although, the script might be flipped next year, according to some experts.

Supply won’t cope with demand

All commodity prices are determined by the balance of supply and demand. That’s why Goldman Sachs is expecting big things from the highly conductive metal in 2023.

The broker believes copper could reach a new record high price of US$11,000 per tonne. Its bullish forecast doesn’t come without reason. Goldman is estimating a 178,000-tonne copper deficit next year. Whereas, the broker previously forecast a 169,000-tonne surplus, betting on new supply coming online.

However, forecasts are suggesting that additional supply may not materialise. Any such slump in supply could boost prices if demand for the material holds steady or increases — a scenario that copper investors would be glad to witness in light of the poor performance in 2022 as shown below.

Data presented by the International Energy Agency (IEA) similarly portrays a roadmap for increased copper demand in the future. In a report titled The Role of Critical Minerals in Clean Energy Transitions, the IEA estimate that 45% of copper will be consumed by the energy sector in 2040 under its ‘sustainable development scenario’.

Under these conditions, current (operating) and future (under construction) supply will fall short of demand by 2025. As depicted in the chart below, this gap is only expected to widen for the foreseeable future.

Biggest ASX copper shares in the hot seat

If copper enjoys a rise that is anything like lithium this year, the returns from ASX copper shares could be considerable. After all, some of the best-performing investments on the Aussie market this year have been in lithium shares.

At the largest end of the market, here’s how the biggest lithium names have performed in 2022:

• Rio Tinto Limited (ASX: RIO) up 18%
• Mineral Resources Ltd (ASX: MIN) up 65%
• Pilbara Minerals Ltd (ASX: PLS) up 47%
• Allkem Ltd (ASX: AKE) up 36%

For those interested, some of the largest ASX-listed companies with exposure to copper include BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), Newcrest Mining Ltd (ASX: NCM), and IGO Ltd (ASX: IGO).

The post Could copper become ‘the lithium’ of 2023? appeared first on The Motley Fool Australia.

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More reading

• Why is BHP’s dividend yield so high?
• Own Rio Tinto shares? Here are the key dates to watch in 2023
• Why did the iron ore price just hit a 6-month high?
• 5 things to watch on the ASX 200 on Monday
• Why Bank of Queensland, Block, Fletcher Building, and Newcrest are dropping today

Motley Fool contributor Mitchell Lawler 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 S&P/ASX 200 Materials Index (ASX: XMJ) is 0.52% in the green today, but these three ASX mining shares are charging higher.

The Minbos Resources Ltd (ASX: MNB), Meteoric Resources NL (ASX: MEI) and BBX Minerals Ltd (ASX: BBX) share prices are all lifting today.

Let’s take a look at these three ASX mining shares in more detail.

BBX Minerals

BBX Minerals shares are lifting 19% at the time of writing to 8.7 cents. However, in earlier trade BBX shares soared 27% before retreating. BBX is a mineral exploration and technology company with operations in northern Brazil.

In news today, BBX advised bioleaching test work is continuing to show “excellent results”. Results from a sample from drill hole TED-015 showed a recovered grade of:

• 95.38 g/t 5E precious metals (14.13 grams per tonne (g/t) gold, 79.27 g/t palladium, 0.17 g/t platinum, 0.72 g/t lawrencium and 1.1 g/t rhodium)

The BBX share price has descended nearly 44% in the last year. However, it has recovered 24% in the last week.

Minbos Resources

Minbos Resources shares are soaring 22% today to 9.3 cents despite no news from the company. The company is developing the Cabinda Phosphate Project and the Capanda Green Ammonia Project.

Last week, Minbos reported it had signed a historic green energy Memorandum of Understanding (MOU) for the Capanda Green Ammonia Project. The MOU has been signed between Minbos’ wholly owned subsidiary Green Amonia and Angola’s National Electricity Transmission Network. Minbos described the agreement as a “global green energy first”. Commenting on the news, Minbos CEO Lindsay Reed said:

The MOU with Angola’s National electricity network operator has created a number of green project global firsts.

The Minbos share price has slid 15% in the last year.

The post 3 ASX mining shares exploding over 20% on Monday appeared first on The Motley Fool Australia.

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More reading

• Buy AGL shares for 17% upside: top broker
• Here are the 3 most heavily traded ASX 200 shares on Monday
• 2 ASX lithium shares to buy, and 1 to avoid: broker
• Guess which ASX 200 gold CEO just sold $2 million worth of shares
• Why has the Sayona Mining share price tanked 10% in 2 weeks?

Motley Fool contributor Monica O’Shea 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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