Reported 3 days ago
BHP has noted a potential recovery in demand for steel and copper driven by economic improvements in China and central bank rate cuts, despite reporting its lowest first-half profit in six years at $5.08 billion. The company is focusing on organic growth rather than acquisitions following its abandoned bid for Anglo American. While its iron ore earnings have declined, BHP's copper operations have shown significant growth, indicating resilience amid global economic uncertainties.
Source: YAHOO