最新ニュース BHP Group (NYSE:BHP) 株価情報

BHP Group

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and is entering the potash market through the development of its Jansen project in Canada. However, due to low nickel prices, BHP placed its nickel business on care and maintenance in 2024.

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)

BHP Group Ltd

BHPCoin

BHPA Inc

BHP BILLITON LTD ORD by BHP Group Limited

BANCO HIPOTECRIO S/ADR D by Banco Hipotecario S.A.

Banco Hipotecario SA

<a href="https://www.reuters.com/markets/commodities/codelco-bhp-agree-terms-explore-anillo-mining-property-2025-05-12/">https://www.reuters.com/markets/commodities/codelco-bhp-agree-terms-explore-anillo-mining-property-2025-05-12/</a>

News

General

'Codelco, BHP agree on terms to explore 'Anillo' mining property'- Reuters

WIIM

BHP Group shares are trading higher after a judge blocked an Arizona land transfer to Rio Tinto.

U.S. District Judge Steven Logan has temporarily blocked the controversial transfer of federal land in Arizona to mining firms Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) and BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>). Logan cited the need for the <a target="_blank" href="https://www.benzinga.com/topic/u-s-supreme-court" rel="noreferrer noopener">U.S. Supreme Court</a> to deliberate on an appeal filed by Native American groups opposing the project.
The decision halts progress on the Resolution Copper project, a planned large-scale underground copper mine near Superior, Arizona. The project sits atop more than 40 billion pounds (18.1 million metric tons) of copper, a metal critical to electric vehicles and clean energy infrastructure. However, it also lies beneath Oak Flat, a site sacred to the San Carlos Apache people.
In an 18-page ruling, Judge Logan clarified the risk of irreparable harm to Apache religious rights if the land transfer were permitted before the Supreme Court makes its decision.
"It is abundantly clear that the balance of equities tips sharply in [Apache Stronghold's] favor," he wrote, according to Reuters. "They have established a likelihood of irreparable harm should the transfer proceed."
The project can potentially produce over 25% of anticipated domestic copper demand for several decades, but it would create a 3-kilometer-wide, 300-meter-deep crater, effectively destroying the Oak Flat site.
Logan dismissed Rio's arguments that their $2.7 billion investment and monthly maintenance costs of $11 million warranted urgency, stating these were a "voluntary choice."
The project's legal history is complex. Though Congress and then-President Barack Obama approved the land swap enabling the project in 2014, President Donald Trump moved to expedite the land transfer during his first term. President Joe Biden reversed that action, pending further court review. Yet Trump recently restarted the process, aiming for a final transfer by June 16, driving the emergency request that led to Logan's ruling.
If built, Resolution would be one of Rio Tinto's most significant future copper assets, offering decades of domestic supply at a time when the U.S. seeks to <a target="_blank" href="https://in.benzinga.com/25/02/43492445/critical-metal-demand-to-triple-by-2030-but-demographics-pose-risks" rel="noreferrer noopener">reduce reliance on mineral imports</a>. However, the project faces the same kind of local backlash that led to the halt of Rio Tinto's Jadar lithium project in Serbia.
Rio Tinto has been mitigating development risk through strategic partnerships. Today, it <a target="_blank" href="https://www.riotinto.com/en/news/releases/2025/rio-tinto-and-sumitomo-metal-mining-sign-definitive-agreement-for-winu-project-joint-venture" rel="noreferrer noopener">announced</a> a joint venture with Japan's Sumitomo Metal Mining to develop the Winu copper and gold project in Western Australia. Under the deal, Sumitomo will pay up to $430.4 million for a 30% stake, with $195 million upfront and further payments based on milestones.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45284809/barricks-world-class-mining-project-proceeds-as-planned-building-not-only-buying-ceo-says" target="_blank" rel="noreferrer noopener">Barrick's World-Class Mining Project Proceeds As Planned, ‘Building Not Only Buying' CEO Says</a></li>
</ul>
Photo by TimBrew via Shutterstock

Government

Large Cap

Regulations

Commodities

Asset Sales

Legal

Markets

Judge Halts Arizona Land Transfer To Rio Tinto Citing Native Appeal

Rep. Marjorie Taylor Greene (R-Ga.) has been actively buying stocks in 2025, including transactions that may have been perfectly timed<a href="https://www.benzinga.com/politics/25/04/44852406/marjorie-taylor-greene-brushes-off-stock-buying-criticism-says-portfolio-manager-bought-the-dip"> during a market dip.</a>
Here's the latest transactions made by the congresswoman in early May.
What Happened: Greene was ranked as the 24th best-performing member of Congress based on their trades in 2024. The Congresswoman gained 30.2% for the year, <a href="https://www.benzinga.com/25/01/42860759/10-best-stock-traders-in-congress-in-2024-where-do-nancy-pelosi-pete-sessions-susan-collins-marjorie-taylor-greene-rank">outperforming the S&amp;P 500 </a>gain of 24.9%.
With new trades placed throughout the early months of 2025, Greene could see huge returns again during the year.
Here are her most recent trades made on May 5, as shown on the <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent050725">Benzinga Government Trades page</a>. All purchases made were listed as between $1,001 to $15,000 unless otherwise indicated.
<ul>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>)</li>
<li>Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</li>
<li>Applied Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</li>
<li>American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</li>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</li>
<li>Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</li>
<li>BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>)</li>
<li>BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>)</li>
<li>Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</li>
<li>Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</li>
<li>Cardinal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>)</li>
<li>Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</li>
<li>Cummins Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>)</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)</li>
<li>Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)</li>
<li>Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>)</li>
<li>Duke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>)</li>
<li>Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</li>
<li>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>)</li>
<li>Frontline PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>)</li>
<li>Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>): two separate purchases of $1,001 to $15,000</li>
<li>Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</li>
<li>Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</li>
<li>Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>)</li>
<li>The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>)</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>)</li>
<li>JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</li>
<li>Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</li>
<li>Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</li>
<li>MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>)</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Merck Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>)</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</li>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)</li>
<li>ServiceNow Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NASDAQ">NOW</a>)</li>
<li>Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>): two separate purchases of $1,001 to $15,000</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>)</li>
<li>Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>): two separate purchases of $1,001 to $15,000</li>
<li>Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</li>
<li>Paychex Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)</li>
<li>Impinj Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>)</li>
<li>Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</li>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>)</li>
<li>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</li>
<li>Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)</li>
</ul>
In total, that's more than 50 different stocks bought and disclosed by Greene in the latest filing. Based on the purchase range of $1,001 to $15,000, this would make the transaction range over $50,000 and up to more than $800,000.
Read Also: <a href="https://www.benzinga.com/politics/25/04/45077654/bill-named-after-nancy-pelosi-could-ban-congress-members-from-trading-stocks-what-you-need-to-know-about-the-pelosi-act">Bill Named After Nancy Pelosi Could Ban Congress Members From Trading Stocks: What You Need To Know About The &#8216;PELOSI&#8217; Act</a>
Why It's Important: Members of Congress are allowed to buy and sell stocks as long as they properly disclose the transaction.
The process has drawn scrutiny from the public and retail investors as members of Congress could have inside information and time their trades accordingly. Committee assignments in particular, often draw red flags from investors.
Greene serves on the House Committee on Oversight and Accountability and the House Committee on Homeland Security with several subcommittee appointments. The congresswoman's past trade in technology and cybersecurity stocks has drawn attention with her role within Homeland Security.
Greene&#8217;s past trades of Palantir Technologies and a<a href="https://www.benzinga.com/25/03/44255172/marjorie-taylor-greene-buys-more-bitcoin-etf-shares-ahead-of-trumps-strategic-reserve-executive-order"> Bitcoin ETF </a>have drawn criticism along with the timing of her trades, as she is a close ally to President Donald Trump. 
When asked previously about buying stocks earlier this year that soared days later after Trump announced a pause to tariffs, Greene<a href="https://www.benzinga.com/politics/25/04/44852406/marjorie-taylor-greene-brushes-off-stock-buying-criticism-says-portfolio-manager-bought-the-dip"> brushed aside the criticism.</a>
&#8220;I think that criticism is laughable. President Trump has been talking about tariffs for decades,&#8221; Greene told reporters when asked about the trades at a recent town hall event in Georgia in a clip <a href="https://x.com/unusual_whales/status/1912456434081480777" target="_blank" rel="noreferrer noopener">shared </a>by Unusual Whales. The congresswoman used the opportunity to boast about her stock performance, which ranked her as one of the top trading members of Congress in 2024.
&#8220;I don&#8217;t place my buys and sells," Greene said, citing an agreement she has with her portfolio manager, who handles all the buying and selling of stocks. &#8220;He did a great job. Guess what he did. He bought the dip. And that&#8217;s what anybody that has financial sense does."
Greene also said her portfolio manager did not have inside information, everything was public and a potential tariff pause wasn&#8217;t a secret.
Sen. Josh Hawley (R-Mo.) has reintroduced legislation that would ban members of Congress from trading or holding individual stocks.
The bill is known as the Preventing Elected Leaders from Owning Securities and Investments Act, or PELOSI Act based on the first letter of each of the main words. The name takes aim at the congresswoman and former Speaker of the House Nancy Pelosi (D-Calif.).  
&#8220;Members of Congress should be fighting for the people they were elected to serve — not day trading at the expense of their constituents,&#8221; Hawley&nbsp;<a href="https://www.hawley.senate.gov/hawley-reintroduces-pelosi-act-to-ban-congress-from-trading-stocks/" target="_blank" rel="noreferrer noopener">said</a>. &#8220;Americans have seen politician after politician turn a profit using information not available to the general public.&#8221;
Hawley said the bill will help &#8220;restore Americans&#8217; trust in our nation&#8217;s legislative body.&#8221;
Hawley&#8217;s bill is being reintroduced as President&nbsp;Donald Trump&nbsp;<a href="https://time.com/7280114/donald-trump-2025-interview-transcript/" target="_blank" rel="noreferrer noopener">said&nbsp;</a>he would support such a ban.
&#8220;Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send it to me, I would do it,&#8221; Trump told TIME.
Trump said he would sign the ban if the bill passes Congress.
While Pelosi makes headlines for her trades, it&#8217;s important to remember that<a href="https://www.benzinga.com/politics/25/04/44852406/marjorie-taylor-greene-brushes-off-stock-buying-criticism-says-portfolio-manager-bought-the-dip" target="_blank" rel="noreferrer noopener">&nbsp;it is both Republican</a>&nbsp;and Democratic members of Congress who are profiting from buying and selling stocks and options while in office, with some trades coming with questionable timing or having a connection to committees they serve on.
In 2024, a list of the top-performing traders in Congress included six Republicans and four Democrats.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent050725">Get Tips On What They Bought And Sold With Our Easy-to-Use Tool</a></li>
</ul>
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent050725"><img loading="lazy" decoding="async" width="1024" height="330" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07181256/Picture1-1-1024x330.png" alt="" class="wp-image-906796" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07181256/Picture1-1-1024x330.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07181256/Picture1-1-300x97.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07181256/Picture1-1-768x248.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07181256/Picture1-1.png 1430w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo: Shutterstock

Politics

AAPL

ABBV

ADBE

AMAT

AMZN

DELL

GILD

GOOG

INTC

MELI

MSFT

NVDA

ODFL

PANW

PAYX

QCOM

SBUX

SCHW

TSLA

Marjorie Taylor Greene Goes Stock Shopping Again: Here Are 50+ Stocks The Congresswoman Bought

Vicuña Corp., the 50/50 joint venture between BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) and Lundin Mining (OTCPK: LUNMF), has updated the mineral resource estimate for its flagship Filo del Sol project in Chile's Atacama region, fortifying its status as the globally <a target="_blank" href="https://www.benzinga.com/topic/copper" rel="noreferrer noopener">leading greenfield copper project</a>.
"Filo del Sol has been one of the most significant greenfield discoveries in the last 30 years and an amazing journey for all those that have been involved," <a target="_blank" href="https://lundinmining.com/news/lundin-mining-announces-initial-mineral-resource-a-123197/" rel="noreferrer noopener">said</a> Jack Lundin, Lundin's President and CEO. "The initial Mineral Resource has highlighted the potential for one of the highest-grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally."
The updated resource estimate reveals a measured and indicated (M&amp;I) sulphide resource of 606 million tons at a copper-equivalent (CuEq) grade of 1.14%. This resource includes 4.5 million tons of copper, 9.6 million ounces of gold, and 259 million ounces of silver. Inferred resources have grown significantly, totaling 6.1 billion tons at 0.37% copper, 0.20 g/t gold, and 3.2 g/t silver. Overall, it represents a 29% increase in M&amp;I copper resources and a 650% rise in inferred copper resources compared to previous estimates.
This expansion confirms Vicuña as the largest greenfield copper discovery in recent history, with the district's total resources, across Filo del Sol and Josemaria, ranking among the top 10 global copper deposits. The newly released Josemaria estimate adds 196 million tons at 0.73% CuEq in M&amp;I categories, further bolstering the region's profile with nearly 1 million tons of copper, 2.4 million ounces of gold, and 11 million ounces of silver.
The high-grade core at both projects will provide critical feedstock in the early years of operation, offering strong economics and scalability as the company looks to recoup initial investments.
Filo del Sol's oxide cap, which sits at the surface, adds 434 million tons at 0.34% copper, making it suitable for lower-cost heap-leach processing. Moreover, high-grade oxide and sulphide zones are still open at depth and along strike, with recent drilling encountering mineralization well beyond the current resource pit shells, indicating substantial upside for future growth.
BHP and Lundin Mining established the Vicuña joint venture last year, following a<a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40031488/bhp-to-unlock-south-american-copper-riches-partners-with-lundin-for-filo-acquisition" rel="noreferrer noopener"> $3 billion acquisition of Filo Corp</a>. This joint venture integrates the Filo del Sol and Josemaria projects into a unified mining district, reducing capital expenditures through shared infrastructure.
A consolidated technical report, which will outline the roadmap toward development and production, is scheduled for completion in Q1 2026.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/05/45163691/global-tensions-to-drive-a-two-year-copper-surplus-study-group-warns" target="_blank" rel="noreferrer noopener">Global Tensions To Drive Two-Year Copper Surplus, Study Group Warns</a></li>
</ul>
Photo by TimBrew via Shutterstock

Guidance

LUNMF

BHP-Lundin Venture Confirms Largest Greenfield Copper Find In 30 Years

MTAL

SCCO

TECK

Shares of copper-related companies are trading lower ahead of China's Labour Day. The material may also be experiencing weakness due to a contraction in Q1 US GDP.

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he likes BHP Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>). &#8220;I think you got a good situation going there,&#8221; he added.
As CEO Mike Henry&#8216;s tenure approaches its expected conclusion, BHP Group reportedly prepares for a leadership transition. While no formal announcement has been made, company insiders suggested the board could initiate the succession process soon, with a potential <a href="https://www.benzinga.com/25/04/44947180/the-worlds-largest-miner-quietly-prepares-for-ceo-succession">handover in early 2026</a>.
Cramer recommended not selling Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) here. &#8220;I want you to <a href="https://www.benzinga.com/quote/ARM/news">stay in it,&#8221; he added</a>.
As per recent news, Cadence agreed to acquire Arm&#8217;s Artisan Foundation IP business on April 16.
Cramer said no to Strategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), adding he likes Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
According to a recent SEC filing, Strategy acquired an additional 6,556 Bitcoin for approximately $555.8 million. The purchase was made between April 14 and April 20, at an average price of $84,785 per <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44898586/strategy-adds-555-million-in-bitcoin-ups-stash-to-538200-btc">Bitcoin including fees</a>.
Price Action:
<ul>
<li>Arm shares gained 1.2% to settle at $113.34 on Friday.</li>
<li>Strategy shares gained 5.2% to close at $368.71 during the session.</li>
<li>BHP shares fell 2.2% to settle at $48.21 on Friday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/45007044/wall-streets-most-accurate-analysts-give-their-take-on-3-real-estate-stocks-delivering-high-dividend-yields-5">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields</a></li>
</ul>
Image: Shutterstock

Media

Trading Ideas

$BTC

MSTR

Jim Cramer Likes BHP Group, Recommends Not Selling This Tech Stock

The world's largest <a target="_blank" href="https://www.benzinga.com/topic/mining" rel="noreferrer noopener">miner</a>, BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>), is reportedly preparing for a leadership transition as CEO Mike Henry's tenure approaches its expected conclusion.
While no formal announcement has been made, company insiders suggested the board could initiate the succession process soon, with a potential handover in early 2026.
According to information the company's insiders shared <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-23/bhp-prepares-to-start-succession-process-for-mining-s-top-job" rel="noreferrer noopener">with</a> Bloomberg, three candidates are at the forefront of the succession process.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/44709462" rel="noreferrer noopener">Miners Urge Chile To Cut Bureaucracy Before Country Loses Copper Leadership</a>
Geraldine Slattery, who currently oversees BHP's Australian operations, brings extensive experience, having previously managed the company's oil and gas division before its merger with Woodside.
Chief Financial Officer Vandita Pant, a former banker who joined BHP in 2016, has risen rapidly with her financial expertise. Then, there is Ragnar Udd, the commercial chief who has driven the success of BHP's copper business in the Americas.
Selecting either Slattery or Pant would mean that BHP would have its first female CEO in its 140-year history.
Henry assumed the top job in January 2020, taking over from Andrew Mackenzie, who had streamlined BHP's portfolio during a seven-year tenure. Thus, Henry's potential six-year term would align with his predecessor's.
As a company veteran of three decades, Henry previously led BHP's Australian minerals division and held key roles in operations, marketing, and technology.
Under his leadership, significant milestones have occurred, including the exit from petroleum through the Woodside merger, the simplification of BHP's dual-listed structure, and the approval of the massive Jansen potash project in Canada.
However, his boldest move, <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">a $49 billion bid</a> for Anglo American, ultimately collapsed when the target rejected the offer as too complex. This dealt a blow to BHP's copper growth ambition, prompting upper management to seek a solution in a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40031488/bhp-to-unlock-south-american-copper-riches-partners-with-lundin-for-filo-acquisition" rel="noreferrer noopener">joint venture with </a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40031488/bhp-to-unlock-south-american-copper-riches-partners-with-lundin-for-filo-acquisition" rel="noreferrer noopener">Lundin</a>.
Henry's successor will inherit both opportunities and challenges. The firm is committing billions to expand in future-facing commodities like copper and potash while maintaining iron ore as its core business.
Still, mining capex is notoriously high, and with nearly $20 billion of debt on the balance sheet, the company is already near the upper limit of its debt targets.
The iron ore business, which delivered 290 million tons in 2024, faces particular headwinds. Analysts at Goldman Sachs forecast prices could slump to <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44651093/iron-ore-set-to-slide-further-as-trump-tariffs-china-slowdown-collide-goldman-says" rel="noreferrer noopener">$84 per ton</a> by late 2025 amid oversupply concerns and softening Chinese demand, while BMI anticipates the oversupply could continue till the end of the decade.
Price Action: BHP stock is up 3.06% to $49.11 premarket at the last check on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44932257/billionaire-john-paulson-buys-800-million-stake-in-alaskan-gold-mine-as-gold-hits-record-highs" target="_blank" rel="noreferrer noopener">Billionaire John Paulson Buys $800 Million Stake In Alaskan Gold Mine As Gold Hits Record Highs</a></li>
</ul>
Photo by T. Schneider via Shutterstock

Rumors

Management

World's Largest Miner BHP Quietly Prepares For CEO Succession

Shares of metals stocks are trading higher as stocks rebound amid overall market volatility as investors assess this week's tariff developments.

CENX

CSTM

STLD

Shares of metals stocks are trading lower, pulling back after surging Wednesday following President Trump's tariff pause announcement. The sector has been volatile amid trade war concerns.

Shares of metals companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Mining may be down, but not out. The sector has been the worst hit since the <a href="https://www.benzinga.com/topic/tariffs">new U.S. tariffs</a> were announced.
JPMorgan analyst Dominic O'Kane says, "<a href="https://www.benzinga.com/markets/commodities">mining was best performing sector</a> exiting last 3 recessions," and he expects another sharp recovery to unfold after the slide.
With the sector already pricing in a worst-case scenario, the setup for a V-shaped bounce is taking shape.
<h2 class="wp-block-heading">Extreme Weakness, But What's Priced In?</h2>
Metals and mining have been the worst-performing sector since new U.S. tariffs were announced, shedding 13% just last week. That adds to an eye-watering 50% underperformance versus MSCI Europe since January 2023. But O'Kane argues the damage is largely in the price: mining stocks already discount a recession scenario, with commodity prices 15–20% below current levels—such as iron ore at $80/ton and copper at $7,500/ton.
Still, fair value estimates suggest that miners have a serious upside even if metal prices stay flat. JPMorgan sees more than 50% total shareholder return over a two-year horizon. Rio Tinto plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>), for example, offers >65% upside, Antofagasta plc (OTCPK: ANFGF) >50% upside and BHP Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) >65% upside from current price levels.
Read Also: <a href="https://www.benzinga.com/25/04/44682458/coppers-rout-sees-a-massive-intraday-price-swing-fundamentals-havent-changed-expert-says">Copper&#8217;s Rout Sees A Massive Intraday Price Swing, &#8216;Fundamentals Haven&#8217;t Changed,&#8217; Expert Says</a>
<h2 class="wp-block-heading">What Could Flip The Switch? China Stimulus In Q3</h2>
In the past three global downturns &#8211; 2009, 2016 and 2020 &#8211; miners bottomed ahead of the broader market and went on to outperform by roughly 100% in the next 12 months. This time, the catalyst could once again be China.
JPMorgan economists expect a RMB one trillion fiscal stimulus to be unveiled in the third quarter, which would align with the historical bottoming pattern of ~four months post-selloff.
In 2020, that timeline shrank to just one month as stimulus arrived fast and hard.
That said, this time is different: the expected 0.7% of GDP stimulus is far smaller than 2008's massive ~12% package, and no China property rescue is on the horizon.
Still, the setup remains favorable.
<h2 class="wp-block-heading">How To Play The Rebound: Stocks, ETFs</h2>
O'Kane's top stock picks are copper and gold-centric: Antofagasta and Lundin Mining Corp (OTCPK: LUNMF) lead his copper recommendations, while Rio Tinto offers a diversified bet with a high free cash flow yield.
On the gold side, Fresnillo plc (OTCPK: FSNPF), Hochschild plc (OTCPK: HCHDF) and Anglogold Ashanti PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) are rated Overweight.
Several ETFs offer targeted exposure to this thesis for US-based investors. The Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>) and the iShares MSCI Global Metals &amp; Mining Producers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PICK#NYSE">PICK</a>) give broad access to copper and diversified miners.
Those seeking gold exposure can look to the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) or the iShares MSCI Global Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RING#NYSE">RING</a>).
These vehicles provide exposure to many of the stocks JPMorgan favors and may be well-positioned for a recovery trade.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44442794/gold-etfs-face-off-gld-vs-gdx-as-they-steadily-climb-amid-bullion-boom">Gold ETFs Face Off: GLD Vs. GDX As They Steadily Climb Amid Bullion Boom</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Sector ETFs

Specialty ETFs

Analyst Ratings

ETFs

ANFGF

COPX

Market Vectors ETF Trust Market Vectors Gold Miners

HCHDF

PICK

RING

JPMorgan's Mining Stock Picks For A 'V-Shaped Recovery,' Analyst Sees 50% Returns Over Two Years

Multinational miners BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) and Anglo American (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTCQX">AAUKF</a>) urge the Chilean government to reduce bureaucratic obstacles, preparing to invest billions into expanding the <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noreferrer noopener">country's copper output</a>. 
With demand for the metal expected to surge in the coming years, both companies warn that Chile risks losing its competitive edge if permitting delays persist.
"As a country, we must act with a sense of urgency if we want to execute growth projects." Alejandro Tapia, head of BHP's Escondida mine, said at the ongoing CRU World Copper conference in Santiago.
"Competition will be fierce, and Chile cannot lose this opportunity or its leadership position," he noted, according <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-08/bhp-gives-chile-a-13-billion-reason-to-cut-red-tape-for-mines" rel="noreferrer noopener">to</a> Bloomberg.
Chile's copper sector, which provides a quarter of the world's supply, has long struggled with slow permitting, exacerbated by increasing environmental and social scrutiny. While President Gabriel Boric has pledged to cut approval timelines by a third, a bill to streamline the process remains stalled in Congress.
BHP, which has operated in Chile for over 30 years, is preparing to invest as much as <a target="_blank" href="https://www.benzinga.com/24/11/42084529/bhp-unveils-14-billion-capex-for-chilean-copper-operations" rel="noreferrer noopener">$14 billion</a> to revitalize its operations in the country. The company will start with a $2.3 billion plant upgrade at Escondido, the world's largest copper mine.
The Australian mining leader plans to restart its Cerro Colorado mine by 2028 for $1.3 billion, and invest another $1.3 billion in its Spence mine. Without these expansions, BHP's Chilean output could drop to 900,000 metric tons annually — far below the 1.4 million tons it aims to achieve in the next decade.
Anglo American Chile CEO Patricio Hidalgo warned that copper demand, driven by the energy transition and digitalization, could equal the output of 80 Los Bronces mines by 2040.
Los Bronces currently represents more than 2% of the global known copper resources, producing over 215,000 metric tons annually, and is one of the assets BHP targeted with a <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">failed $49 billion bid</a> last year.
"When one sees this structural gap that will occur in the copper market, we need much more agility to bring copper to the market," Higaldo said <a target="_blank" href="https://www.reuters.com/markets/commodities/anglo-american-urges-faster-permits-chile-close-copper-supply-gap-2025-04-08/" rel="noreferrer noopener">per</a> Reuters.
Even state-owned Codelco is aggressively investing to rejuvenate its aging operations. After spending $4.4 billion in 2024, Codelco targets up to $5.6 billion in capex for 2025, aiming to recover from historic production lows and capitalize on long-term copper demand.
Despite recent copper's rout, Chairman Maximo Pacheco remains confident in the long-term outlook.
"I am convinced that the long-term fundamentals are very solid, very difficult to change," he said <a target="_blank" href="https://www.benzinga.com/25/04/44682458/coppers-rout-sees-a-massive-intraday-price-swing-fundamentals-havent-changed-expert-says" rel="noreferrer noopener">earlier this week</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/management/25/04/44663078/barrick-gold-proposes-name-change-targets-30-production-growth-by-2030" target="_blank" rel="noreferrer noopener">Barrick Gold Proposes Name Change, Targets 30% Production Growth By 2030</a></li>
</ul>
Photo via Shutterstock

Financing

Global

AAUKF

Miners Urge Chile To Cut Bureaucracy Before Country Loses Copper Leadership

<a href="https://www.reuters.com/markets/commodities/bhp-considered-spinning-off-iron-ore-coal-divisions-2025-04-02/" title="https://www.reuters.com/markets/commodities/bhp-considered-spinning-off-iron-ore-coal-divisions-2025-04-02/">https://www.reuters.com/markets/commodities/bhp-considered-spinning-off-iron-ore-coal-divisions-2025-04-02/</a>

Reuters Reported BHP Considered Spinning Off Iron Ore, Coal Divisions

U.S. tariffs on copper imports could arrive within weeks. In February, President Donald Trump directed the U.S. Commerce Department to<a href="https://www.benzinga.com/25/03/44414283/copper-surges-as-arbitrage-opportunity-drives-us-imports"> conduct an investigation</a>, giving this executive department a nine-month deadline.
Per a Bloomberg<a href="https://www.bloomberg.com/news/articles/2025-03-26/trump-may-implement-copper-import-tariffs-within-weeks"> report</a>, the investigation is seen as "little more than a formality.&#8221; An announcement is likely to come well ahead of the November deadline.
The proposed tariffs, which could reach as high as 25%, would shift the global copper market. The US is a major copper consumer, needing between 1.7 and 1.9 million metric tons annually. Yet, it produces less than half of that, relying on Chile, Canada, and Peru for 90% of its imports.
Rising copper costs would boost domestic producers like Freeport McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>). They could also be a catalyst for resolving the standstill in Arizona. Recall how Native American opposition stalled Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) and BHP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) Resolution Copper mine located in the southern part of the Tonto National Forest—a $64 billion flagship project that could supply 25% of projected future domestic copper demand.
The looming tariffs have triggered a surge in U.S. copper imports, as traders rush to front-run potential duties. According <a href="https://www.reuters.com/markets/commodities/us-copper-imports-soar-500000-tons-amid-tariff-threats-says-bloomberg-2025-03-24/">to</a> Mercuria, around 500,000 metric tons of copper are en route to the U.S. That far exceeds the usual monthly average of 70,000 tons, Reuters noted.
This situation has driven up prices on New York's COMEX exchange, where copper trades at a record $1,400 premium over the London Metal Exchange (LME) benchmark. Unforeseen circumstances further tightened the supply, as Glencore paused its major Chilean copper smelter after experiencing furnace issues.
Investment banks and commodity traders expect further price increases if tariffs are imposed. Goldman Sachs and Citigroup have both forecast that a 25% duty could be in place<a href="https://www.benzinga.com/news/guidance/25/03/44271394/goldman-sachs-sees-copper-imports-increasing-tariffs-as-fcx-positions-to-benefit"> by year-end</a>, while Trafigura has projected that copper prices could climb to $12,000 per ton from the current level of around $10,000, as reported<a href="https://www.ft.com/content/e4f4a52c-9449-4b2a-887d-540e37f7b9bc"> by</a> The Financial Times.
Trump, however, has remained vague on the timing of the tariff announcement. On March 5, he mistakenly implied that copper tariffs were already in effect, saying, "I imposed a 25% tariff on foreign aluminum, steel, lumber, and copper."
Besides this slip, he remained vague about potential tariff exceptions ahead of the April 2 announcement, touted as a "Liberation Day" for US trade policy. First, he took a strict tone against tariff exceptions, before softening the stance in a Tuesday interview for Newsmax,
"I'll probably be more lenient than reciprocal because if I was reciprocal, that would be very tough for people," he said, according<a href="https://www.cnbc.com/2025/03/26/trump-says-tariffs-coming-in-april-will-probably-be-more-lenient-than-reciprocal.html"> to</a> CNBC.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/03/44490949/gold-ma-deals-are-accelerating-but-average-deals-are-smaller-research-shows">Gold M&amp;A Deals Are Accelerating, But Average Deals Are Smaller, Research Shows</a></li>
</ul>
Image: Shutterstock

Trump's Copper Tariffs Might Come Sooner Rather Than Later, Insiders Warn

The global iron ore market could increase production over the next five years, with output surging as high as 2.92 billion tons by 2029. This trend could put additional pressure on leading <a target="_blank" href="https://www.benzinga.com/topic/australia" rel="noreferrer noopener">exporters like Australia</a>, whose currency has declined by around 20% against the U.S. dollar since 2015.
Per Mining Weekly, BMI's latest <a target="_blank" href="https://www.miningweekly.com/article/iron-ore-production-to-accelerate-over-next-five-years-bmi-2025-03-11" rel="noreferrer noopener">report</a> expects iron output to grow at an annual rate of 2.5% until 2029—more than double the 1.2% growth it saw over the previous five years. Expansion of existing mines and new projects, like Guinea's Simandou, which BMI highlights as a long-term milestone, should drive this growth.
However, the report also warns that geopolitical instability and resource nationalism could cause delays, and after 2029, a lower price environment could push production into stagnation.
Global iron ore exports increased by 2% in 2024, reaching approximately 1.6 billion tons. Australia maintained its position as the world's top exporter, shipping 866 million tons—an increase of 1.4% year-over-year.
Brazil followed with 390 million tons, marking a 2.6% rise, while South Africa shipped 61 million tons, up 3.4%. China, the world's largest importer, brought in a record 1.24 billion tons in 2024, a 4.9% increase driven by stable steel production and lower prices for Australian fines.
Major mining companies also saw production increases in 2024. BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) boosted output by 3% to 290 million tons, Fortescue Metals Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSUMF#OTC">FSUMF</a>) increased supply by 2% to 194 million tons, and Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) achieved a 2% rise to 328 million tons, its highest level since 2018.
Meanwhile, India's exports declined as domestic demand surged by 4% to 242 million tons, driven by growth in steel, pellet, and sponge iron production.
BMI has set an optimistic forecast for Brazil, expecting its ore production to rebound following a contraction around 2020. The firm forecasts a 3.1% average annual growth from 2025 to 2029, with output increasing from 463 million tons to 528.7 million tons.
This growth is expected to continue beyond 2030 as planned projects contribute to further expansion.
Still, China is expected to lag in market growth, boosting its output by 1% this year. Despite its effort to reduce reliance on ore imports, it faces a cost problem owing to lower-grade ore. India's iron ore production is projected to grow by 2% in 2024, reaching 284 million tons, but growth is expected to slow after 2025, with output forecasted to hit 306.5 million tons by 2034.
Australia, the global leader in iron ore, is set to increase output by 2.5% in 2025, with expansion projects such as Mineral Resources' Onslow Iron and Fortescue's Iron Bridge contributing to growth.
Yet, Rio Tinto has faced challenges due to resource depletion at Paraburdoo and adverse weather, with cyclones expected to impact shipments by 13 million tons in Q1 2025.
While cornerstone projects like Simandou offer a supply boost, declining prices and competitive pressures could reshape the industry – particularly if decarbonization efforts gain stronger momentum.
Price Watch: VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) is up 4.33% year-to-date.
Read Next:&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44216408/dr-congo-explores-a-minerals-for-security-deal-with-the-us" target="_blank" rel="noreferrer noopener">DR Congo Explores Minerals-For-Security Deal With The US</a></li>
</ul>
Photo: BJP7Images via Shutterstock

FSUMF

VALE

Iron Ore Production To Accelerate Until 2030, Study Says

AMRC

CISS

CLWT

FLNC

KITT

NRGV

Shares of several companies in the broader industrials space are trading higher amid overall market strength on reports indicating that President Trump will delay auto tariffs.

ICOP

Shares of copper stocks are trading higher after US President Donald Trump reportedly suggested imports of the metal could be subject to a 25% tariff. Copper is now trading at a 9-month high.

On Tuesday, BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) reported half-year earnings (concluding on December 31, 2024) of $5.08 billion, down 23% from the year earlier. The result is unsurprising, as the <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">iron ore market</a> has been going through a challenging period.
Still, CEO Mike Henry acknowledged the firm's strength in this part of the market cycle.
"The strength of the result demonstrates BHP's operational resilience and its ability to perform through the cycle," he <a target="_blank" href="https://www.bhp.com/investors/financial-results-operational-reviews" rel="noreferrer noopener">said</a> in a press release. Despite the downturn in iron ore prices, Henry highlighted strong performances at Escondida, Western Australia Iron Ore (WAIO), and BMA.
Iron ore EBITDA fell notably, from $9.7 billion in the first half of 2024 to $7.2 billion, as average realized prices declined by 22% to $81.11 per wet metric ton. While production increased by 1% to 131 million metric tons on an equity basis, the price slump led to an overall revenue drop of 7.5% to $25.176 billion.
Following these results, the board declared an interim dividend of $0.50 per share, down from $0.72 per share last year. The new dividend is the lowest payout since 2017.
BHP maintained its position as the world's lowest-cost iron ore producer, with unit costs at $18.19 per ton. However, the impact of Tropical Cyclone Zelia, which caused temporary shutdowns at Port Hedland and heavy rainfall across the&nbsp;Pilbara region, means that full-year WAIO output is now expected to fall towards the lower end of its guidance range of 282-294 million tons.
China's economic situation is the primary driving force behind the iron ore market. While early signs of recovery have emerged, demand remains uncertain due to the country's real estate struggles and slower industrial output.
Still, BHP remains confident about the long-term demand for iron ore as global urbanization and infrastructure growth continue, particularly in India, where economic expansion drives higher steel consumption.
Meanwhile, BHP has continued investing in its growth, spending $3.2 on the potash and copper project. After a <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">failed bid for </a><a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">Anglo-American</a>, the firm formed a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40031488/bhp-to-unlock-south-american-copper-riches-partners-with-lundin-for-filo-acquisition" rel="noreferrer noopener">$2 billion joint venture</a> with Lundin Mining to develop the Filo del Sol and Josemaria copper projects, strengthening its output for the metal, which is growing in significance for electrification and renewable energy.
Henry also reflected on future M&amp;A, clarifying the management's stance. "In the current market, it is increasingly challenging to do large global M&amp;A for shareholder value, and that's what BHP is about at the end of the day," he noted.
Despite diversifying into other minerals, BHP remains committed to running a world-class iron ore business. The company aims to maintain WAIO production levels and potentially expand output to 305 million tons per year in the medium term, with an aspirational target of 330 million tons annually if market conditions permit.
Meanwhile, a remark from the U.S. Energy Secretary Chris Wright could open doors for new collaborations. "I would love to see Australia get in the game of supplying uranium," Wright said Monday at the Alliance for Responsible Citizenship event, <a href="https://www.reuters.com/business/energy/australia-should-supply-uranium-nuclear-power-says-us-energy-secretary-2025-02-17/" target="_blank" rel="noreferrer noopener">per</a> Reuters.
BHP owns Olympic Dam, the world's largest known uranium deposit. However, Australia's uranium industry has stagnated, with production banned in Western Australia and Queensland. Only three mines remain operational on the continent, and output has declined in recent years.
Still, the center-right Liberal Party has expressed <a target="_blank" href="https://www.benzinga.com/news/global/24/12/42482377/australian-opposition-goes-nuclear-211-billion-plan-could-open-doors-for-uranium-miners" rel="noreferrer noopener">support for nuclear energy</a> as a solution to Australia's electric power struggles. If they win the upcoming May elections, uranium production could receive a policy boost, helping BHP expand into this growing market.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43769507/chinas-metal-markets-are-stirring-heres-what-it-means-for-commodity-investors" target="_blank" rel="noreferrer noopener">China's Metal Markets Are Stirring &#8211; Here's What It Means for Commodity Investors</a></li>
</ul>
Photo via Shutterstock

Earnings

BHP Earnings Fall As Iron Ore Prices Pressure Market Leader To Slash Dividend

BHP Group H1 Adj EPADS $2.00 Down From $2.59 YoY, Sales $25.18B Down From $27.23B YoY

Strike Ends At World's Largest Copper Mine

Press Releases

BHP invests $350,000 to support the Regina Food Bank in the fight against hunger and to help advance reconciliation efforts

Comments

BHP Group

ニュース

最新ニュース BHP Group (NYSE:BHP) 株価情報

こんな人も見ています

ニュース

パートナーシップ

ベンジンガ・グローバル