BHP BHP Group Limited

neutral track record → $71.85
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Mkt Cap $197B P/E 19.3 fwd 14.9 52wk $45.74 - $83.22 2h ago

BHP Eyes Africa Amid Copper Supply Risks

Watch: Watch BHP's operational updates and sulfuric acid supply developments for impact on copper output guidance and pricing dynamics.

Goldman Sachs projects a 490,000-ton copper surplus in 2026 with a $12,650/ton price target. However, closure of the Strait of Hormuz disrupts 40% of global sulfur exports, crucial for copper processing. China’s sulfuric acid export ban starting May 1, 2026, intensifies supply challenges for southern hemisphere miners. BHP anticipates its 2026 copper output near the upper range of 1.9 to 2 million tons guidance.

Copper supply constraints driven by geopolitical and Chinese export policy risks may tighten market balance, supporting BHP's production and revenue outlook amid global uncertainty.

Evidence

3h ago BHP Turns To Africa, As Hormuz Threatens Copper Surplus Thesis benzinga
18d ago BHP Group Ltd (BHP) Developing Massive Potash Project Amid Supportive Environment yahoo-finance
43d ago BHP.AX Stock Today: March 10 – Analysts Lift Targets, 2026 Guidance - Meyka google-news-market
48d ago ASX inches higher to record as Iran strikes rattle markets — as it happened - Australian Broadcasting Corporation google-news-market
Fundamentals & Data ▾
BHP Group Limited Basic Materials · Other Industrial Metals & Mining
Mkt Cap
$197B
P/E
19.3 fwd 14.9
Beta
0.80
Div Yield
342.00%
52w Range
$45.74 - $83.22
Short Interest
15.2M 0.6%
Days to Cover
3.7 +1%
Technicals mixed
vs 20d MA
-4.0%
vs 50d MA
+5.0%
from 52w Hi
-11.7%
Vol (20d)
37%
1w return
-10.2%
1m return
+1.4%
3m return
+26.5%
Vol ratio
1.0x
Analyst Target
$67 $56 - $88
Options P/C
4.30
Fund Convergence
strong D.E. Shaw, Citadel, Two Sigma
Top Holders
D.E. Shaw $220M
Citadel $128M
Two Sigma
4 signals · latest 3h ago

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