BHP Group CEO Says Macroeconomic Signals for Commodity Demand Resilient, On Track to Deliver Iron Ore Production Guidance

MT Newswires Live

10/21

BHP Group (ASX:BHP) Chief Executive Mike Henry said that overall macroeconomic signals for commodity demand remain resilient, with global growth forecasts moving higher, and the firm is on track to deliver its fiscal 2026 iron ore production guidance of between 258 million tonnes and 269 million tonnes, according to a Tuesday filing.

The firm expects around 5% of gross domestic product growth for the year in China despite some deceleration in growth in the second half.

"Major disruptions" at the mines of some of BHP's competitor tightened overall market fundamentals for copper, Henry noted.

BHP Group's shares rose past 2% in recent trading on Tuesday and earlier reached their highest point in over a year.

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