On July 16, BHP Group fell 3.12% in pre-market trading, trading at $82.96/share, with turnover of $167,900.
On the news front, BHP released its fourth fiscal quarter operational data, revealing copper production declined more than expected due to lower output at its Escondida and Pampa Norte operations in Chile. More critically, the company guided FY2027 copper production to just 1.65-1.80 million tonnes, significantly below the 1.953 million tonnes achieved in FY2026, primarily due to anticipated ore grade declines at Escondida — the world's largest copper mine. Iron ore production from Western Australia also disappointed at 74.8 million tonnes, missing the consensus estimate of 75.1 million tonnes and falling well short of the 77.5 million tonnes produced in the year-ago period.
Within the Diversified Metals & Mining sector, Rio Tinto fell 2.11%, USA Rare Earth fell 1.21%, MP Materials fell 0.53%, and HudBay Minerals fell 0.05%, reflecting broader sector weakness.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments