BHP reports a major jump in annual earnings to about $33 billion, driven by stronger results from its copper business. The company says copper now overtakes iron ore as its primary profit driver for the first time, reflecting higher returns across the copper value chain.
The change is linked to improving demand conditions, with outlets pointing to growing needs from sectors such as data centres and energy networks. While the Financial Times emphasizes booming end-market demand as the core driver of copper’s performance, the Investing.com piece frames the shift in more analytical terms, focusing on what the crossover means for BHP’s earnings mix and future priorities. Both accounts align on the core development: copper’s financial contribution rises enough to surpass iron ore in guiding profits.
