BHP lays further bets on copper and remains bullish on iron ore
Mining giant sees huge potential for copper from renewable energy, vehicles and AI, with China stimulus reviving steel market
18 October 2024 - 17:26
International mining behemoth BHP Group continued to add to its copper portfolio in the first quarter of its 2025 financial year, betting on the metal’s long-term role in transport electrification, the global energy transition and emerging market growth.
By 2050, BHP said it expects demand for copper to climb by 70%, given its critical role as an input for solar and wind power infrastructure, plus electric vehicles — which are three times more copper intensive than internal combustion engines. ..
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