Commodity Analyst - Market Analysis & Economics, BHP Commercial

About BHP

We support our people to grow, learn, develop their skills and reach their potential. With a global portfolio of operations, we offer a diverse and inclusive environment with extraordinary career opportunities. Our strategy is to focus on creating a safe work environment where our employees feel strongly connected to our values and objectives, and where the capability of our people is key to our success.

About the Role

We are seeking a high-calibre Metals & Minerals Analyst to deliver robust, data-driven analysis of commodity markets, particularly iron ore markets, with flexibility to extend coverage into the downstream steel value chain and end-use demand sectors. This role sits within the Market Analysis & Economics (MAE) team and plays a key role in shaping iron ore market outlooks, price formation, and strategic narratives to support commercial, strategy, and leadership decision-making. The successful candidate will combine strong analytical capability with intellectual curiosity, translating complex market signals into clear, actionable insights.

• Translate market intelligence into long-term commodity price forecasts and near-term decision support.
• Monitor key signposts across iron ore and broader ferrous markets, synthesising market developments into timely and actionable insights.
• Develop analysis primarily on iron ore markets (demand, supply, pricing), with flexibility to expand into steel, raw materials, and end-use sectors (e.g., construction, manufacturing, trade flows).
• Assess linkages across the value chain to strengthen integrated market views.
• Conduct primary and secondary research on key structural and cyclical themes (e.g., decarbonisation, policy/tariffs, geopolitics, technology shifts).
• Translate findings into clear reports, scenario analysis, and long-term forecasts.
• Lead and enhance core analytical frameworks, including long-term iron ore demand models, short-term supply/demand balances, short-term cost curve development, price outlooks and scenario analysis.
• Collaborate closely with peer analysts cover steel and freight analysis, Technical Marketing, Strategy and Market Intelligence teams to develop aligned, data-driven views.
• Distil complex analysis into clear, persuasive narratives for senior stakeholders.
• Support a broad range of internal stakeholders through regular updates, reports, and insights.
• Deliver high-quality presentations to internal and, external stakeholders.
• Contribute to MAE’s ongoing development of analytical tools, data infrastructure, and modelling approaches.
• Enhance data visualisation and explore advanced analytics.

Requirements

Strong commitment to health, safety, environmental responsibility, and adherence to the BHP Charter and Code of Business Conduct. Experience in commodity market analysis, preferably within iron ore, ferrous markets, or related value chains. Strong problem-solving skills, with the ability to break down complex issues, and extract actionable insights under conditions of uncertainty and time-pressure. Ability to connect upstream commodity markets with downstream demand drivers and macro themes. Strong communication skills, with clear and structured written output and effective presentation and stakeholder engagement. High level of intellectual curiosity, and ability to operate in a fast-paced, ambiguous environment. Advanced Excel modelling, PowerPoint and Power BI (or equivalent visualisation tools) capabilities. Ideally, experience with Python / SQL and AI-assisted coding (e.g., Copilot, Snowflake Cortex, or equivalent tools) for automation, data processing, and rapid prototyping. Tertiary qualification in a relevant discipline (e.g. Economics, Business, Engineering, Statistics). Post-graduate qualifications highly regarded.

Qualifications

Tertiary qualification in a relevant discipline (e.g. Economics, Business, Engineering, Statistics). Post-graduate qualifications highly regarded.

Skills

• Advanced Excel modelling
• PowerPoint
• Power BI (or equivalent visualisation tools)
• Python / SQL
• AI-assisted coding (e.g., Copilot, Snowflake Cortex, or equivalent tools)

Benefits

We offer a range of benefits to enable your work to fit with your life, including flexible working options, a generous paid parental leave policy, other extended leave entitlements and parent rooms.

Pay

The pay for this role is competitive and commensurate with experience.

Schedule

The schedule for this role is flexible across BHP Offices, dependent on the candidate (e.g. Singapore, Shanghai, Melbourne, Brisbane).