I do love that unexpectedly high USD$5 !
BHP's expected annual copper production of ~1800kt of Cu would be worth an extra USD$1.8B over a full year (at USD$5 cf USD$4/lb) (for info BHP realised price for first 9 months of FY24 is only USD$3.72).
So, really good over the medium term for BHP but it may produce unexpected 'pressure' in short term to increase the AA bid.
As an aside, have a look at how a "pure" copper producer is responding to the Cu price (HGO - note that fundamentals also are having an effect! - I declare I own a few).
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Last
$37.30 |
Change
-0.140(0.37%) |
Mkt cap ! $189.3B | |||
| Open | High | Low | Value | Volume |
| $37.50 | $37.63 | $36.98 | $351.4M | 9.427M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 50616 | $37.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.32 | 7575 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| BHP (ASX) Chart |