BHP Group is trading 3.51% up now at A$67.45, extending gains after FY2026 results showed copper became its largest earnings contributor.
- Copper generated approximately US$18.2 billion in underlying earnings, while underlying profit rose 30% on stronger copper prices and operational performance.
- Investors are responding to BHP’s intensified pursuit of large-scale copper exploration in Zambia, reinforcing expectations that the company is shifting toward copper growth.
- The move is company-led, although the Zambia initiative remains exploratory.