The BHP Group Ltd (ASX: BHP) share price has suffered a sizeable drop over the last six months, falling by around 20%.
Considering the massive size of the BHP market capitalisation, the 20% drop represents a large fall in dollar terms.
But, can things turn around quickly or will BHP shares be in the doldrums for some time?
Don’t forget, BHP no longer owns a petroleum division, so it’s not benefitting from the high prices and useful cash flow.
When it comes to commodity ASX shares, they are heavily reliant on the resource price. A rise in the resource price can largely add to profit, which can then help the share price.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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