US EditionBHP Boosts ASX on Record Numbers; $A Rises
AUSTRALIA, JUL 17 – BHP's copper production rose 8% to over two million tonnes, while iron ore output hit 263 million tonnes, driving investor confidence and lifting ASX 200 to record highs.
- On Friday, the ASX 200 climbed 0.7% to 8,698.4 at midday, marking a 2.1% gain for the week and its strongest performance since May.
- Following record gains, the US stock indices, including the S&P 500 and Nasdaq, set new highs, boosting global market sentiment.
- Operationally, BHP delivered copper up eight per cent to over two million tonnes, iron ore at 263Mt with WAIO at 256.6Mt, driven by higher ore grades and the ramp-up of Full SaL leaching.
- Market sectors saw BHP Group shares climb 2.31% on Friday, leading miners as Rio Tinto and Fortescue each rose 1% and big banks also posted gains.
- In its outlook, BHP guided FY26 copper at 1.8–2Mt and iron ore between 258–269Mt, and Jason Todd, CEO of Ten Cap, expects equities to keep rising through the second half of 2025.
11 Articles
11 Articles
Bhp Achieves Record Copper Production and Escondida Reaches Its Best Figure in 17 Years - La Tercera
In its fiscal year 2025, completed last June, the mining company scored a production of more than 2 million tons of red metal. However, its forecasts for next year point to a decrease in its figures. The company said the demand has remained resilient, thanks to China and despite the United States.
Lunch Wrap: ASX smashes 8700 for first time as BHP crushes records, Mesoblast soars
ASX smashes through 8700 as Wall Street rally lifts all boats BHP belts out record copper and iron ore Mesoblast soars after booking first Ryoncil sales in US At lunchtime in the east, the ASX 200 was up over 1% and trading above 8700 for the first time, with all 11 sectors in the green. Wall Street laid the groundwork overnight, notching up fresh records across the board. The rally came off stronger-than-expected US retail sales and a fifth …
BHP Achieves Record Copper, Iron Ore Production
BHP (ASX:BHP) has reported record copper and iron ore production for the year ending June 30, demonstrating resilience amid ongoing global economic uncertainty. The company, one of the world’s leading resources companies, extracts and processes minerals, oil, and gas from its operations primarily in Australia and the Americas. BHP also provides marketing and transportation services. Copper production surged to a record 2.01 million tonnes, an 8 …
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