US EditionCopper Powers Profit Surge at Australia's BHP
BHP's half-year profit rose 28% to $8 billion as copper, driven by electrification and renewables demand, became its largest earnings source after boosting output 30%.
- On February 17, 2026, BHP reported half-year profit up 28% to $US5.64 billion and revenue up 11 to $US27.9 billion, with copper leading earnings.
- Rising copper prices drove gains as prices jumped about 55% over two years, demand from electrification, renewable energy and digital/AI infrastructure surged, and BHP grew copper production around 30 per cent in four years.
- A $US9 billion streaming deal with Wheaton Precious Metals and increased copper guidance to 1.9–2 megatonnes, as Mike Henry noted, support BHP's operational moves.
- BHP will pay investors an interim dividend of US73 cents fully franked on March 26 and will prioritise productivity and cost discipline amid higher structural costs.
- Mike Henry expects global economic growth around 3 per cent this year, noting China’s economy remained resilient after meeting its around 5 per cent target last year, supporting key commodities.
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The Australian mining group BHP, the largest company in the sector and operator of the Escondida mine in...
The mining giant BHP, which operates Escondida in Chile, the world's largest copper deposit, closed the second half of 2025 with record profits driven by the positive behavior of its copper businesses, which for the first time accounted for more than half of its results.The Ebitda (pre-interest gains, taxes, depreciations and depreciations) underlying the company rose 25% year-on-year to US$15.5 billion and the attributable underlying Ebitda gre…
China's construction industry weakens and needs less steel. Nevertheless, the large mining companies are no longer in good shape for a long time. But what are they doing most of their business with at the moment?
The mining company closed the first half of the year with an increase of 27.6 percent. Copper made the largest contribution to the result. The group increased copper production by about 30% in the last four years.
BHP profit beats forecasts as copper tops iron ore
BHP Group has reported a stronger-than-expected half-year underlying profit driven by copper, which for the first time surpassed iron ore in the top global miner's earnings, as prices for the red metal surged on AI-fuelled demand.
BHP CFO on copper growth opportunties, iron ore future and growing dividends
SBS Finance Editor Ricardo Gonçalves speaks with BHP CFO Vandita Pant following the miner's US$5.6bn half-year profit to find out more about its growing copper business and future dividend policy; plus Jonathan Shead from State Street Investment Management on the investment environment.
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