The World's Largest Miner Resists Copper's Siren Song

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Mar 02

BHP Group Limited (NYSE:BHP) has reaffirmed its business model of diversification. The largest global miner is resisting the allure to become a copper-focused enterprise, despite its dominant position...

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The largest global miner is resisting the allure to become a copper-focused enterprise, despite its dominant position...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/03/50958694/the-worlds-largest-miner-resists-coppers-siren-song\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The World's Largest Miner Resists Copper's Siren Song</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe World's Largest Miner Resists Copper's Siren Song\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-02 18:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/commodities/26/03/50958694/the-worlds-largest-miner-resists-coppers-siren-song><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BHP Group Limited (NYSE:BHP) has reaffirmed its business model of diversification. The largest global miner is resisting the allure to become a copper-focused enterprise, despite its dominant position...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/03/50958694/the-worlds-largest-miner-resists-coppers-siren-song\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COPX","symbol_name":"铜矿ETF-Global X","start_time":0,"source_url":"https://www.benzinga.com/markets/commodities/26/03/50958694/the-worlds-largest-miner-resists-coppers-siren-song","article_id":"2616733578","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/02/Stuttgart--Germany---03-06-2021-Person-H.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/commodities/26/03/50958694/the-worlds-largest-miner-resists-coppers-siren-song","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2616733578","pubTimestamp":1772449140,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"BHP reaffirms diversification as largest global miner, resists becoming copper-focused. 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The largest global miner is resisting the allure to become a copper-focused enterprise, despite its dominant position.\nSpeaking at the BMO Capital Markets Global Metals, Mining & Critical Minerals Conference, CEO Mike Henry was unequivocal about the plan going forward.\n\"BHP is, intentionally, a diversified miner – rather than a pure play. And although we are the world's largest copper miner, we have exciting, high-value copper growth ahead of us; we don't aspire to be a copper pure play,\" Henry said.\nCopper now accounts for more than half of BHP's underlying earnings before interest, tax, depreciation, and amortization (EBITDA). It is an achievement owing to both higher prices and a 30% increase in production over recent years.\nThe company has lifted copper production guidance by a cumulative 150,000 tons over the next two years. It is targeting around 2.5 million tons of copper equivalent output annually by 2035, including by-products.\nThat plan implies a compound annual growth rate of 3-4% in copper-equivalent production between fiscal 2027 and fiscal 2035.\nThe heavy lifting will come from the Vicuña joint venture in Argentina with Lundin. Recent drilling has lifted the district's contained copper resource to 47 million tons, adding 9 million tons in the latest update. A staged development approach could see a final investment decision on Stage 1 as early as the end of this year.\nOnce fully ramped up across three stages, Vicuña has the potential to rank among the world's top five copper and gold producing assets, with average annual output of about 500,000 tons of copper and 800,000 ounces of gold over its first decade.\nStill, capital discipline remains central to the story. Under its allocation framework, BHP commits to a minimum 50% payout ratio as a base dividend, with remaining capital competing between growth and additional shareholder returns.\n\"We have returned over US$110 billion to shareholders via dividends, share buy-backs, and demergers over the past decade. This represents above 60% of today's market capitalization,\" Henry noted.\nCopper's strategic importance is rising as electrification, renewable energy, electric vehicles, and grid expansion drive demand. Industry forecasts widely point to significant supply deficits emerging in the 2030s as existing mines deplete and new projects struggle to keep pace.\nFor BHP, that does mean an aggressive copper expansion, but also staying within a diversified model to deliver stability, resilient cash-flow, and value across commodity cycles.\nBHP Price Action: BHP Group shares were up 0.78% at $82.21 during premarket trading on Monday. The stock is trading near its 52-week high of $82.34, according to Benzinga Pro data.\nPhoto by T. Schneider via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}