BHP's growing love for copper in South Australia
BHP (ASX:BHP) increasingly loves copper, especially in South Australia, where it took a $9.6 billion punt in 2022-23 by purchasing OZ Minerals, a move that is now paying off in spades. Copper is pouring out of the company’s three mines in South Australia, led by Olympic Dam, arriving just in time to catch the recent rebound in prices to a 16-month high earlier this month of $US4.4385 a pound on Thursday. These are the highest copper prices since May 2022, in the wake of the Russian invasion of Ukraine.
Source: sharecafe.com.au