BHP’s copper production rose 10% to 987 mnt in Jul-Dec’24. This growth was driven by a 22% increase at the Escondida mines, though Copper South Australia saw a 6% decline due to a weather-related power outage. EBITDA rose 40%, boosted by higher copper volumes and prices. Strong demand persisted despite global uncertainties, supported by China’s early recovery, US resilience, and robust growth in India.
Australia: BHP reports strong growth in copper production in Jul-Dec’24
10% increase 987 mnt copper BHP copper growth BHP copper production BHP financial performance China recovery copper exports copper industry trends copper market copper production report Copper South Australia copper volumes EBITDA rise Escondida mines global uncertainties H2CY’24 H2CY’24 results higher copper prices India growth mining industry news strong demand US resilience weather-related power outage
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