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BHP chases copper as China’s steel appetite flattens

  • BHP Group reported a 17% increase in copper output and higher iron ore production for the December quarter.
  • The S&P/ASX 200 index closed at its highest level since Dec. 9, rising 0.7% to 8,402.2.
  • Banking stocks and miners contributed to gains, with financials rising 1.3% and the mining index up 1%.
  • Investors are assessing policy changes under President Donald Trump, moving into safe-haven areas of the market.
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