BHP Group (ASX:BHP) says copper must stay near $6.50 to balance 2027 volume loss
BHP will rely on copper sticking near June quarter prices as it faces a 12% drop in output for fiscal 2027. Using Thursday’s production forecast, BHP needs an average copper price near US$6.50 a pound, a touch below the US$6.53 a pound it said it got in the fourth quarter.