BHP Group reported a robust 22% increase in underlying attributable profit, reaching $6.2 billion for the half-year ending in December. This growth was primarily driven by a strategic pivot toward copper, which contributed more than half of the company's total profit for the first time. Copper EBITDA surged by 59% to $8 billion, highlighting the metal's critical role in global power grids and AI infrastructure applications. In contrast, the company's traditional iron ore business faced headwinds as futures in Dalian traded below the $100 per ton mark. Following the strong financial results and a surprise dividend increase, BHP shares in Australia jumped 7.6% to reach a record high. The strategic shift toward 'future-facing' metals positions the mining giant to capitalize on evolving industrial demands while reducing exposure to Chinese steel volatility.
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