BHP 'All In' on Copper as Key Growth Driver

BHP Group has reported a strong financial year, driven by rising copper prices and effective cost control across its portfolio.

The company's net profit after tax rose 9%, while the dividend received a significant boost from higher cash flow over the year.

Copper is now BHP's crown jewel, with the company among the world's largest copper producers. The market sees copper demand increasing by 2.8% for this calendar year, with the market remaining tight, even with the price up 35% for the year.

BHP plans to invest in new copper projects over the next decade, with a total of US$44.7 billion identified as potential growth capital.