BHP's annual net profit rises 9% to $9.8 billion on copper tailwinds
BHP BHP Group Limited ADR
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View chart & analysis → - 1Australian mining giant BHP posted a $9.8 billion net profit for the fiscal year ended in June, up 9% year-on-year, driven by a surge in copper prices
- 2The average copper price climbed 26%, and copper's share of operating profit surpassed 50% for the first time, overtaking iron ore as the largest earnings driver
- 3The world's largest copper producer, BHP, plans to lift output by roughly 40% by 2035, citing demand from the energy transition and AI data centers
This 3-line summary is compiled from the report below.
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