BHP Rides High On Strong Demand For Copper And Iron Ore

BHP reported a 30% profit increase, with annual earnings surging to $33bn. For the first time, copper profits have overtaken iron ore as the primary profit driver, fueled by booming demand for energy networks and data centres. Meanwhile, BHP CEO Brandon Craig stated that China's iron ore demand remains steady due to manufacturing activity. Additionally, the company expects stronger Indian demand for metallurgical coal to provide further support for the market during this period of growth.