35 stories mentioning ASX:BHP
Every FINWIRES story that references ASX:BHP, newest first.
Materials stocks advanced nearly 4% at midday Monday.BHP Group (ASX:BHP) gained more than 3% in recent trade.On the flip side, the energy sector struggled, shedding almost 4%.Woodside Energy Group (ASX:WDS) shares were down nearly 4% in recent trade after confirming it is not engaged in discussions on a potential acquisition with Exxon Mobil.
Materials stocks advanced nearly 4% at midday Friday.BHP Group (ASX:BHP) gained 3% in recent trade.On the flip side, the energy sector struggled, shedding 1%.Woodside Energy Group (ASX:WDS) shares fell almost 2% in recent trade.
Consumer staples stocks advanced nearly 2% at midday Tuesday.Woolworths Group (ASX:WOW) gained 2% in recent trade.On the flip side, the materials sector struggled, shedding almost 3%.BHP Group (ASX:BHP) shares were down 2% in recent trade.
Healthcare stocks jumped nearly 3% at midday Friday.CSL (ASX:CSL) gained 4% in recent trade.Meanwhile, the materials sector struggled, shedding nearly 2%.BHP Group (ASX:BHP) shares fell nearly 2% in recent trade.
Australian shares are poised to rise on Friday as oil prices retreated sharply on easing Middle East supply fears after a reported Israel-Lebanon ceasefire raised hopes of wider diplomatic progress in the region despite ongoing uncertainty over flows through the Strait of Hormuz.Overnight, the S&P 500 and the Dow Jones Industrial Average rose 0.4% and 1.7%, respectively, while the Nasdaq Composite fell 0.1%.In the macroeconomy, investors are awaiting a speech by Reserve Bank of Australia Deputy Governor Andrew Hauser.Australia's labor account report is due at 11:30 am Sydney time.In corporate news, Rio Tinto Group (ASX:RIO), BHP Group (ASX:BHP), and Fortescue (ASX:FMG) are urging the Albanese government to consider policy responses to China's increasing consolidation of iron ore purchasing power, warning that the shift is reshaping pricing dynamics in Australia's most valuable export market, the Australian Financial Review reported on Friday.Atlas Arteria (ASX:ALX) continued to recommend that shareholders reject the off-market takeover bid by Diamond Infraco, an IFM Global Infrastructure Fund subsidiary, for 100% of the stapled securities that it does not already own in the company.Australia's benchmark index fell 1.1% or 99.6 points to close at 8,686.10 on Thursday.
Rio Tinto Group (ASX:RIO), BHP Group (ASX:BHP), and Fortescue (ASX:FMG) are urging the Albanese government to consider policy responses to China's increasing consolidation of iron ore purchasing power, warning that the shift is reshaping pricing dynamics in Australia's most valuable export market, the Australian Financial Review reported on Friday.The push targets the China Mineral Resources Group (CMRG), a state-backed buyer set up in 2022 that now handles about 70% of China's iron ore imports, boosting Beijing's bargaining power, pressuring contract prices, and tightening negotiations with major suppliers amid concerns of a structural shift in market power, per the report.CMRG said it wants to close the profit gap between Chinese steelmakers and iron ore producers, but Australian miners attribute weak margins to China's steel overcapacity, reviving debate over whether greater miner coordination should be permitted despite competition law limits.The federal government has avoided intervening in pricing, with Resources Minister Madeleine King saying iron ore prices are set by producers and buyers, and that critical minerals policies are not intended to influence bulk commodity prices.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Consumer staples stocks advanced 1% at midday Thursday.Woolworths Group (ASX:WOW) gained nearly 1% in recent trade.Meanwhile, the materials sector struggled, shedding more than 3%.BHP Group (ASX:BHP) shares fell nearly 4% following news that exports from Guinea's Simandou iron ore project rose in May.
Shares of both BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) fell 3% in early trading on Thursday after exports from Guinea's Simandou iron ore project rose in May, according to a media report.Shipments from the project's Morebaya port were 2.2 million tonnes in May, compared with shipments of 1.3 million tonnes in April, according to ship tracking data from Kpler, the Australian Financial Review (AFR) reported on Thursday.The project is expected to ship 120 million tons per year once at full capacity.Traders are waiting to see if supply from Simandou will displace those from Australia and Brazil or merely add to the market.
BHP Group (ASX:BHP) is working with the Global Centre for Maritime Decarbonisation on a pilot project to evaluate how biofuels from multiple feedstocks can be blended and utilized through existing used cooking oil bunkering infrastructure, the company said Wednesday.As part of the project, the partners blended biofuels from used cooking oil and waste animal fats, and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier.Biofuels for global shipping depend heavily on used cooking oil, but the feedstock's availability is nearing its projected limits. Biofuel from waste animal fats, meanwhile, offers a "promising option to expand the supply of lower-emissions marine fuels," BHP said.The results of the pilot project will help address challenges linked to fuel quality, handling, traceability, and onboard vessel performance, the company added.BHP shares gained 2% in recent Wednesday trade.
BHP Group (ASX:BHP) said Wednesday it is using advanced computing in partnership with Microsoft and Prescience Insilico to discover advanced copper extraction technologies.The company said in a statement that, working with Microsoft, its team screened over 500,000 molecules that might help extract copper more efficiently using quantum chemistry calculations and simulations.The resulting candidate molecules are being tested against the realities of our ore bodies and operating constraints, said Jessica Farrell, vice president of innovation at BHP.BHP's shares rose past 2% in recent trading on Wednesday and earlier hit an all-time high.
Materials stocks advanced nearly 2% at midday Wednesday.BHP Group (ASX:BHP) gained more than 2% in recent trade as copper prices posted a new record high.On the flip side, the information technology sector struggled, shedding more than 1%.Xero (ASX:XRO) shares fell past 3% in recent trade.
BHP Group (ASX:BHP) shares rose past 2% in recent Wednesday trade, and Rio Tinto Group (ASX:RIO) gained nearly 2%, as copper prices posted a new record high.Both stocks reached an all-time high earlier in the trading session.Copper futures settled at $6.6495 a pound on Tuesday, and the benchmark price has now risen 38% compared with a year earlier, The Wall Street Journal reported.
Electrical workers at BHP Group's (ASX:BHP) Port Hedland bulk port terminal in Western Australia will move forward with a vote on work stoppage after talks with management broke down, Reuters reported on Friday, citing a statement from the Electrical Trades Union (ETU).The workers were pushing for a labor deal with the mining firm to improve their pay and conditions, with talks between parties stalling after six months.BHP's labor agreement covers around 450 port workers, of whom around 200 are union members. The unionized workers will vote in the next two weeks to endorse work stoppages ranging from 15 minutes to 24 hours, the report said, citing ETU.A spokesperson for the mining firm said it is negotiating a new enterprise agreement with its port operations teams, per the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Materials stocks advanced nearly 3% at midday Friday.BHP Group (ASX:BHP) gained 2% in recent trade.On the flip side, the energy sector struggled, shedding almost 1%.Woodside Energy Group (ASX:WDS) shares fell past 1% in recent trade.
BHP Group's (ASX:BHP) shares inched down nearly 0.2% in recent trading on Thursday after it said in a statement late on Wednesday that it signed a non-binding memorandum of understanding with Yindjibarndi Energy to explore a potential large-scale energy supply for its Pilbara-based iron ore operations in Western Australia.The parties will assess options across power generation, electricity transmission, and enabling infrastructure, which includes scalable renewable energy.Any future outcomes will be subject to further technical studies, commercial considerations, and approvals, the statement added.
Major Australian mining stocks returned a mixed performance in recent Tuesday trade after JPMorgan increased its long-term iron ore price estimate.Shares of Rio Tinto Group (ASX:RIO) and Fortescue (ASX:FMG) gained less than 1%, while BHP Group (ASX:BHP) was fractionally lower.JPMorgan analyst Lyndon Fagan said the bank raised its long-term real iron ore price forecast to $90 per tonne from $80, and also increased its near-term price estimate by about 5%, the Australian Financial Review reported.The bank reportedly cited increasing cost inflation, weaker ore quality, and a Chinese steel market that has been more resilient than anticipated.JPMorgan continues to prefer BHP and Rio Tinto, saying their valuations are still reasonable even after gains in their share price this year, while maintaining a cautious stance on Fortescue, according to the report.
Materials stocks advanced nearly 2% at midday Monday.BHP Group (ASX:BHP) shares were up more than 1% in recent trade as the price of coking coal spiked following an explosion at a Chinese coal mine on Friday.Meanwhile, the energy sector struggled, shedding more than 2%.Shares of Woodside Energy Group (ASX:WDS) fell nearly 4% in midday trade.
BHP Group (ASX:BHP) shares gained more than 1% in recent Monday trade as the price of coking coal spiked following a Friday explosion at a Chinese coal mine.Chinese coking coal futures increased by nearly 8% to hit their daily limit after the blast at the privately owned Liushenyu mine, which media reports described as China's deadliest mining accident in more than a decade.The incident left at least 82 people dead and will "almost certainly trigger widespread safety inspections that could affect China's much larger supplies of thermal coal, used in power generation," Bloomberg reported.The most active coking coal contract on the Dalian Commodity Exchange jumped 8% to the equivalent of about $186.76 per metric ton, Reuters reported.
Materials stocks advanced nearly 2% at midday Friday.BHP Group (ASX:BHP) shares were up almost 2% in recent trade.Meanwhile, the communications services sector struggled, shedding more than 1%.Shares of Telstra Group (ASX:TLS) fell past 1% in recent trade.
Information technology stocks advanced nearly 1% at midday Wednesday.Xero (ASX:XRO) shares rose marginally in recent trade after disclosing a multi‑year deal with New Zealand Rugby, becoming its official small business accounting platform partner.Meanwhile, the materials sector struggled, shedding more than 2%.BHP Group (ASX:BHP) shares were down nearly 2% in recent trade.
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