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Copper 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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Sydney Morning Herald+2 Reposted by 2 other sources
BHP cashes in on ‘metal of the future’
BHP’s half-year profit surges to $8 billion as high global demand for copper pays off for the mining giant.
·Sydney, Australia
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Total News Sources27
Leaning Left4Leaning Right3Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 29%
C 50%
R 21%
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