BHP Surpasses Iron Ore with Record-Breaking Copper Revenue

Australian mining giant BHP Group reported a record-breaking US$9.83 billion annual profit, driven primarily by soaring global copper prices.

The company's financial performance was fueled by a 35% surge in realized copper prices, which elevated the metal to contribute 54% of the group's underlying earnings.

This marks the first time in BHP's modern history that copper has overtaken iron ore as the primary revenue engine, reflecting a massive structural change in global commodity markets.