BMI Notes Encouraging Copper Outlook for BHP Amid Diversification, Tech Push

BHP Copper Earnings Hit $18.2 Billion, Surpassing Iron Ore

BHP Group has seen copper earnings reach $18.2 billion, surpassing iron ore for the first time, signaling a strategic shift toward base metals essential for the global energy transition. The post BHP Copper Earnings Hit $18.2 Billion, Overtaking Iron Ore appeared first on Business Elites Africa.

BMI notes encouraging copper outlook for BHP amid diversification, tech push

Australian multinational mining and metals company BHP’s growing exposure to copper is expected to provide an increasingly important source of growth as long-term iron-ore prices come under pressure, BMI says in a new report. BMI, a unit of Fitch Solutions, highlights that the mining major’s diversified portfolio, strong balance sheet and low-cost asset base leave it well positioned to withstand weaker commodity prices while continuing to invest…

Barclays sees BHP copper pipeline trumping acquisitions

The Olympic Dam mine in South Australia. Source: BHPOrganic growth remains BHP’s preferred route to expanding its copper business, with the economics of its existing project pipeline comparing favourably with acquiring increasingly expensive copper assets, according to Barclays Equity Research European Metals & Mining. Barclays analysts said BHP had flagged capital intensity across its organic pipeline of around $US16,000–30,000 per tonne of cop…