BHP Group Ltd (ASX: BHP, NYSE: BHP) Stock Outlook for 2026: Anglo Deal Fallout, China Iron Ore Standoff and Copper Supercycle Hopes
BHP shares rose about 3% to A$44.28 on the ASX on 4 December, near a 52-week high, after the company ended its £40 billion takeover bid for Anglo American. The abandoned deal removed the risk of new equity issuance. On the NYSE, BHP ADRs last traded at US$57.9. Investors are watching ongoing tensions with China over iron ore and renewed focus on copper projects.