US EditionPublished • loading... • Updated
BHP Ups Copper Outlook To Catch Record Pricing, Competitors' Supply Hits Help - BHP Group (NYSE:BHP)
- In a mid‑January trading update, BHP Group raised its fiscal 2026 copper production guidance to 1,900–2,000 kt from 1,800–2,000 kt on January 20, 2026.
- Rising prices above $13,000 a ton, supported by resilient demand and competitor supply disruptions, prompted BHP to raise its copper outlook, according to the company.
- Operational updates showed mixed production trends across assets as BHP cited stronger‑than‑expected performance while quarterly copper output fell 4% to 490,500 tons and first‑half copper was 984.1 Kt.
- Markets reacted with a drop in BHP Group shares, which traded about 1.8% lower by Tuesday afternoon as the company accepted lower iron ore prices amid federal government monitoring.
- BHP is targeting roughly 2 million tons attributable copper production in the 2030s and will report full second-quarter results on 17 February 2026 while maintaining iron ore guidance at 258–269 Mt.
Insights by Ground AI
32 Articles
32 Articles
Coverage Details
Total News Sources32
Leaning Left8Leaning Right6Center3Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 18%
R 35%
Factuality
To view factuality data please Upgrade to Premium
