BHP Reports 6-Year Low Profit
BHP sees steel and copper demand recovering after profit slumps to six-year low
BHP sees signs of economic recovery in China and central bank rate cuts reviving demand for steel and copper but flagged risks to global growth from potential trade tensions, as it logged its lowest first-half profit in six years.
Demand for iron ore, which has long been the core of BHP’s earnings, may have peaked, but the miner’s copper production bodes ...
Mining heavyweights BHP Group and Rio Tinto delivered remarkably similar results and outlooks for key commodities this week, ...
The world’s biggest miners, having cashed in on China’s once-rampant demand for iron ore, are starting to reel from the impact of their main customer’s economic struggles.Most Read from BloombergTrump ...
BHP, the largest Australian mining company, has slashed its interim dividend to an eight-year low amid a slowdown in Chinese ...
BHP is pivoting towards future-facing metals like copper and potash, but this transition will take time. See why I rate BHP ...
BHP reported a decline in revenue due to lower iron ore sales, but profit jumped in the six months to the end of December due ...
Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ...
BHP slashed its dividend and reported a sharp fall in half-year profits as lower iron ore prices caused by weaker demand from ...
BHP (NYSE:BHP) reported half-year earnings (concluding on December 31, 2024) of $5.08 billion, down 23% from the year earlier ...
Rio followed rival BHP in releasing results, and dividends, hit by lower iron ore prices. RIo chief executive Jakob Stausholm ...
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