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The Economic Times

BHP says copper becomes biggest EBITDA driver in fiscal 2026, contributing 54%

AI Market Summary
BHP reported copper as its largest EBITDA driver in fiscal 2026 (54% of underlying EBITDA), with copper EBITDA up 48% amid materially higher prices and a still-tight supply-demand balance. While BHP's copper output fell 3% and current-year production guidance is lower, the company expects global copper demand growth near 2.8% in 2026, reinforcing the structural demand narrative tied to electrification and data centers.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT+1.68%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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BHP said its copper business was the group’s largest contributor to underlying EBITDA in fiscal 2026, accounting for 54%. The miner produced 1.95 million tonnes of copper for the year ended June, down 3% from the previous year. BHP forecast global copper demand growth of around 2.8% in 2026 and guided current-year copper output of 1.65 million to 1.80 million tonnes.
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