What are the responsibilities and job description for the Commodity Analyst - Market Analysis & Economics, BHP Commercial position at BHP?
About BHP
At 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.
Come and be a part of this success.
Job Location
Flexible across BHP Offices, dependent on the candidate (e.g. Singapore, Shanghai, Melbourne, Brisbane)
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.
KEY ACCOUNTABILITIES
- 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.
About You
- 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.
About Our Process
At BHP, we are committed to employing individuals who align with the BHP Charter Values and meet the requirements of the role. As part of the recruitment process, there are a number of checks which may be conducted to demonstrate applicants suitability for a role including police / criminal background checks, medical, drug and alcohol testing, due diligence checks, right to work checks, and/or reference checks.
If you are already employed directly by BHP, please log in using your BHP email address or apply via our internal jobs portal.
Supporting a Diverse Workforce
The size, stability and magnitude of our business not only provides significant opportunity for professional development, but also attractive salary packages with performance-based bonuses and a best-in-class employee share program. We know there are many aspects of our employees' lives that are important, and work is only one of these, so we offer benefits to enable your work to fit with your life. These benefits include flexible working options, a generous paid parental leave policy, other extended leave entitlements and parent rooms.
At BHP, we know that we are strengthened by diversity. We are an Equal Opportunity employer that is committed to making BHP a safe and inclusive workplace where everyone can thrive and be at their best every day. We are focused on creating a workforce that’s more diverse and represents the communities where we work and live. providing a work environment in which everyone is included, treated fairly and with respect. We are an Equal Opportunity employer and recognise that true diversity includes gender, age, race, disability status, sexual orientation, religion, neurodiversity, education levels, and many more aspects of your identity.
BHP is committed to providing a recruitment process that is fair, equitable and accessible for all. If you have a disability, we know that it may be helpful for us to adjust our process to make it equitable for your individual situation. If you would like to reach out to someone about your situation and our recruitment process, please email us at inclusion@bhp.com.
Benefits:
Maternity & Paternity Leave, Health Insurance, 401K Plan