35 stories mentioning ASX:BHP
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Consumer staples stocks advanced more than 3% at midday Tuesday.Woolworths Group (ASX:WOW) gained over 4% in recent trade after the Australian Financial Review reported Tuesday that JPMorgan upgraded the supermarket giant to overweight.On the flip side, the materials sector struggled, shedding 1%.BHP Group (ASX:BHP) shares were down past 1% in recent trade.
Shares of Australia-listed copper producers fell in recent Friday trade as the price of the metal fell from its recent record high.Shares of BHP (ASX:BHP) and Capstone Copper (ASX:CSC) fell past 2% in recent Friday trade, while Sandfire Resources (ASX:SFR) dropped past 4%.
Information technology stocks advanced 4% at midday Friday.Technology company Xero (ASX:XRO) gained over 10% in recent trade.On the flip side, the materials sector struggled, shedding nearly 3%.BHP Group (ASX:BHP) shares fell 3% in recent trade.
BHP Group's (ASX:BHP) shares rose past 3% in recent trading on Wednesday, earlier reaching an all-time peak, after copper prices hit a record high.Copper reached $14,196.50 per ton on the London Metal Exchange, Bloomberg News reported.
Materials stocks advanced nearly 3% at midday Wednesday.BHP Group (ASX:BHP) gained almost 4% in recent trade.Meanwhile, the financial sector struggled, shedding nearly 4%.Commonwealth Bank of Australia (ASX:CBA), whose shares fell almost 10% in recent trade, reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier.
Materials stocks advanced over 2% to lead gainers in midday trading on Tuesday amid a broadly lower market ahead of the release of Australia's federal budget, and as tensions persisted between the US and Iran.Shares of BHP Group (ASX:BHP) rose nearly 3% after copper prices hit an all-time peak on the London Metal Exchange.On the flip side, information technology stocks shed 4% to lead decliners.WiseTech Global (ASX:WTC) and Xero (ASX:XRO) both fell past 5%.
Shares of BHP Group (ASX:BHP) rose around 3% in Tuesday trading and earlier hit a record high after copper prices closed at an all-time peak, lifting the miner's market value to AU$305 billion, as investors shrugged off geopolitical concerns related to the Iran conflict and the Strait of Hormuz.Copper rose 2.7% to settle at $13,943 per tonne on the London Metal Exchange, marking a record high close and surpassing its previous peak of $13,618.
Materials stocks advanced over 3% at midday Thursday.BHP Group (ASX:BHP) gained more than 3% in recent trade.On the flip side, the energy sector struggled, shedding nearly 3%.Woodside Energy Group (ASX:WDS) shares fell 4% in recent trade.
Materials stocks were leading gainers in midday trading on Friday, with a rise of 2.4%, as all other sectors were also in the green following a strong rally in the US and a decline in the price of Brent crude.Sector heavyweights BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) both advanced around 3%.EQ Resources (ASX:EQR) fell nearly 9% after saying it will not proceed with a proposed acquisition of Tungsten Metals Group following a review of strategic priorities.
Australian shares retreated at Wednesday's close as uncertainty around negotiations between the US and Iran continued, even as the US extended a ceasefire.The S&P/ASX 200 Index declined 1.18%, or by 105.80 points, to close at 8,843.60.US President Donald Trump said the US would extend the ceasefire with Iran indefinitely. Iran had rejected a second round of negotiations before the extension was declared. The Strait of Hormuz remained closed, while President Trump said he would continue the US's blockade of Iran.Brent crude oil futures were steady at $$98.47 per barrel.On the domestic front, the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell to negative 0.13% in March from 0.05% in February, signaling a renewed slowdown in growth expectations as higher interest rates and weaker consumer sentiment weigh on the outlook.The Commonwealth Bank of Australia's inaugural FX Barometer report, conducted between Feb. 16 and April 10, showed that importers were hedging around 80% of their currency exposures and exporters hedging 86%, while businesses that both import and export were hedging around two-thirds of their exposures, reflecting partial natural offsets.In company news, Treasury Wine Estates (ASX:TWE) will transition to a new regional operating model, effective Oct. 1. Under the new model, the company will operate four regional divisions: the Americas; Australia and New Zealand (ANZ) and Europe; Greater China; and emerging markets, which cover the rest of Asia, Middle East, and Africa. Its shares soared over 16% on market close.BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier. Iron ore output for the March quarter was 62.8 million tonnes, an increase of 2% from the year-ago period. Its shares closed up over 1%.Lastly, South32 (ASX:S32) reported a 1% increase in alumina production year-to-date to March, helped by record production in its Brazil Alumina segment. Aluminium production was mostly flat during the period. Its shares were up over 1% on market close.
BHP Group (ASX:BHP) has concluded iron ore sales contract discussions with the China Mineral Resources Group, according to a Wednesday filing with the Australian bourse.The company maintained its fiscal year 2026 production guidance for the Western Australia Iron Ore system at between 251 million tonnes and 262 million tonnes.Shares of BHP were 2% higher in recent Wednesday trade.
Australian shares are poised to fall on Wednesday as oil prices surged on renewed Middle East supply disruption fears, with Brent crude briefly topping $100 a barrel amid escalating Iran-related tensions.Sentiment was further clouded by reports that US President Donald Trump is seeking to extend a fragile ceasefire with Iran despite ongoing naval blockade concerns and mixed signals from Tehran over the prospects for a lasting peace deal.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average each fell 0.6%.In the macroeconomy, Westpac's leading index report is due at 11 am Sydney time.In corporate news, Bank of Queensland (ASX:BOQ) reported Wednesday fiscal first-half cash earnings of AU$0.253 per share on revenue of AU$835 million, compared with cash earnings of AU$0.264 on revenue of AU$802 million a year earlier.BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier.Paladin Energy (ASX:PDN) reported fiscal third-quarter triuranium octoxide production of about 1.3 million pounds from its Langer Heinrich Mine in Namibia, up 5% from the previous quarter.Australia's benchmark index fell 0.04% or 3.9 points to close at 8,949.40 on Tuesday.
BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier, according to a Wednesday filing with the Australian bourse.Iron ore output for the March quarter was 62.8 million tonnes, an increase of 2% from the year-ago period, per the filing.The company said its fiscal 2026 copper production is now expected to be in the upper half of its 1.9 million to 2 million tonnes guidance range. It also maintained its iron ore output guidance at 258 million to 269 million tonnes for the fiscal year.
BHP Group's (ASX:BHP) innovation arm, BHP Invent, signed two memorandums of understanding with China ENFI and BGRIMM Technology Group to collaborate on mineral processing, leaching, and sustainable mining practices, according to a Friday statement from the company.The innovation team also collaborated with organizations working in robotics, industrial automation, artificial intelligence, cloud technologies, metallurgy, and tailings management to explore new applications across the mining value chain.The partnerships seek to merge global expertise with China's technological capabilities to advance safer, more efficient, and more sustainable mining through joint development and innovation.
Rio Tinto's (ASX:RIO) shares rose over 1% in recent trading on Tuesday, reaching a new all-time peak following a rise in copper and iron prices.Shares of BHP Group (ASX:BHP) were up over 3%. Singapore iron ore futures climbed 1.1% to $104.60 per tonne.
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