BHP doubles down on copper growth after better-than-expected profit
The world’s biggest listed miner is pushing hard to expand in copper, a key element to the global energy transition
27 August 2024 - 10:12
Melbourne — BHP Group will focus on growing its copper business through existing and incoming projects after its failed attempt to buy Anglo American, it said as it reported a better-than-expected 2% rise in annual underlying profit.
The world’s biggest listed miner is pushing hard to expand in copper, given the commodity’s outsize role in the energy transition and a tougher outlook for its top revenue generator, iron ore, as China’s economic growth slows and supply rises...
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