BHP stock near 52-week high as copper opens 2026 higher; Jan. 20 production update looms

BHP stock near 52-week high as copper opens 2026 higher; Jan. 20 production update looms

NEW YORK, Jan 4, 2026, 16:04 ET — Market closed

  • BHP’s U.S.-listed shares finished Friday up 2.3%, closing near recent highs.
  • Copper and iron ore prices started 2026 firmer, keeping miners in focus.  Free Malaysia Today
  • Next catalyst is BHP’s operational review on Jan. 20, followed by half-year results on Feb. 17.  Bhp

BHP Group Ltd’s U.S.-listed shares ended the first trading day of 2026 higher, as firmer metals prices helped lift sentiment into the first full week of January. The stock last traded at $61.76, up 2.3% from its prior close.

With U.S. markets shut on Sunday, attention shifts to what could move BHP when trading resumes on Monday. For investors, the stock is a proxy for the industrial-metals cycle at a time macro data and the U.S. dollar are back in the driver’s seat.

BHP has two near-term company dates on the calendar, giving traders a clear roadmap. The miner is due to publish its operational review for the half year ended Dec. 31, 2025 on Jan. 20, and report half-year results on Feb. 17, the company’s financial calendar shows.  Bhp

Commodity moves were supportive on Friday. Copper rose 0.8% to $12,522.50 a tonne on the London Metal Exchange, while iron ore futures in Singapore gained 0.2% to $105.60 a tonne, Bloomberg data showed.  Free Malaysia Today

Currency traders are also setting the tone for metals-linked stocks. The dollar began 2026 firmer, and “it’s going to be a time to actually do a lot of assessment,” Juan Perez, director of trading at Monex USA, said as markets looked ahead to a data-heavy week.  Reuters

For BHP, the January production update is the first scheduled read on volumes and costs after the December quarter, alongside any commentary on demand in China, the biggest consumer of steelmaking raw materials. Investors will also be listening for signals on whether the company’s near-term guidance is holding.

On the technical side, BHP’s ADR — a U.S.-traded certificate representing shares in a foreign company — closed at $61.76 on Jan. 2, leaving it just below its recent high-water mark around $62. Data showed the stock’s 52-week high stands at $62.01, with about 2.06 million shares traded on Friday.  Investing

A push through the $62 area would put fresh highs back in play, while a move back under $60 would highlight how quickly momentum can fade in a commodity-led tape. Traders often treat those round numbers as short-term support and resistance.

The risk for bulls is that metals prices turn lower just as the company approaches its update window. A firmer dollar, a wobble in China-linked demand expectations, or a surprise on costs can cut quickly into miner sentiment, particularly for stocks trading near their peaks.

The next concrete catalyst for BHP is its operational review scheduled for Jan. 20 in Melbourne, ahead of the Feb. 17 half-year results.  Bhp

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