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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.
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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%
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