BHP Group Limited has reported record operational results for the year ending 30 June 2025, highlighting significant achievements in iron ore and copper production. CEO Mike Henry emphasized the company's robust performance amidst global market volatility, attributing it to the strength and resilience of BHP's operations. The Western Australia iron ore division set multiple records, with South Flank surpassing its nameplate capacity in its first full year of operation, following its on-time and on-budget delivery in FY24. Investments in infrastructure, including rail, port, and technology, have enhanced operational efficiency. Meanwhile, the steelmaking coal business saw a 5% increase in production, overcoming challenges from adverse weather and geotechnical issues. In copper production, BHP achieved over 2 million tonnes, a new record for the group. Escondida in Chile reached its highest production in 17 years, while Spence also delivered record production levels. Copper SA in Australia finished the year on a strong note, setting production records in June and the final quarter. Regarding ongoing projects, BHP provided an update on Jansen Stage 1 in Canada, revising capital expenditure estimates to between US$7.0 billion and US$7.4 billion, with a production start date reverting to mid-2027. The company maintains its capital expenditure guidance at approximately US$11 billion for both FY26 and FY27. Global demand for commodities, particularly copper and steel, has remained resilient, supported by China's export growth and domestic demand, despite challenges in the property sector. This resilience is further bolstered by increased investment in renewable energy, electricity infrastructure, machinery exports, and electric vehicle sales. While potential economic headwinds exist, stimulus efforts from China and the USA are expected to mitigate near-term impacts, with China's upcoming 15th 5-year plan likely to support sustained growth and development.