BHP stock jumps toward A$50 after Rio Tinto Pilbara tie-up — what to watch next
BHP shares rose 2.5% to A$49.31 after announcing a non-binding Pilbara iron ore partnership with Rio Tinto. The plan targets first ore production next decade and relies on shared use of existing infrastructure. Rio Tinto and Fortescue shares also gained. Investors await BHP’s operational review on Jan. 20.