Streetbeat News

BHP

BHP Group Limited

https://www.bhp.com

Industry

Industrial Materials

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. The company is also involved in mining, smelting, and refining of nickel; and potash development activities. In addition, it provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.

Open

56.07

Mkt cap

141B

Volume

386K

High

56.10

P/E Ratio

17.93

52-wk high

69.11

Low

55.76

Div yield

0.05

52-wk low

50.90

Copper company shares are rising due to a report that China plans to issue up to $284 billion in sovereign debt for economic stimulus.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:45 pm

BHP Group Limited is testing Caterpillar's new energy-saving technology for mining trucks, boosting BHP's stock. The trial supports BHP's sustainability goals and enhances operational efficiency. Caterpillar's Cat Dynamic Energy Transfer system offers innovative energy solutions for mining operations.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 11:48 am

Copper stocks are experiencing a rise in share prices following the announcement of a new stimulus package by China's Central Bank.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:51 am

Lifezone Metals and BHP have started project financing for the Kabanga Nickel Project in Tanzania, with support from the US DFC. This project aims to boost Tanzania's economy and contribute to the global energy transition.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:45 am

The mining industry is experiencing a surge in mergers and acquisitions (M&A) as companies like BHP Group Ltd. focus on acquisitions over greenfield exploration due to high costs and risks. Despite copper's price decline, its future shortages are a concern. BHP's Oak Dam project is a rare large-scale greenfield copper prospect, but the company continues to expand through acquisitions, such as the Filo copper project. AI offers potential in identifying new deposits, but geopolitical and regulatory challenges remain significant hurdles.

Portfolio Pulse from Stjepan Kalinic

September 20, 2024 | 3:00 pm

Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

Copper stocks are experiencing a rise in share prices following an increase in copper prices, which was triggered by the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:55 pm

BHP Group warns of a copper shortage due to increased demand from AI and EV growth, potentially driving prices up. BHP's copper production has risen, and they are investing in new projects to meet future demand. The stock has declined 14% over the past year.

Portfolio Pulse from Anusuya Lahiri

September 16, 2024 | 11:48 am

China's steel industry is facing a 'harsh winter' due to a downturn in the property sector, impacting iron ore and coking coal markets. Despite increased steel exports, coking coal futures are at a yearly low, and iron ore prices have fallen below $100 per metric ton. BHP Group maintains its price estimate of $80 to $100 per metric ton.

Portfolio Pulse from Matt Whittaker

September 04, 2024 | 1:09 pm

Shares of US-listed copper companies are declining following reports that Goldman Sachs has reduced its forecast for copper due to weaker demand from China.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:14 pm

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