Copper Price Slumps as Major Player BHP Group's Earnings Dependence Grows

The copper market is facing increased earnings dependence from major players like BHP Group. According to recent data, copper is projected to deliver 54 percent of BHP Group's underlying EBITDA for the fiscal year 2026.

This shift underscores the heightened importance of copper price movements for BHP's future earnings profile and signals greater corporate exposure to shifts in copper demand and supply.

Copper trades below key short-term averages with strong intraday selling pressure, and the expected range is $6.3407 to $6.5069 with a high probability of continued downside.