BHP Reports Record Iron Ore Output and Strong Copper Production for Clean Energy Transition
carboncredits.comBHP finished fiscal year 2026 with record iron ore production of 265 million tonnes and copper output of nearly 2 million tonnes. The strong results came despite inflation and supply chain issues. The company is investing in new projects to boost copper supply, which is critical for electric vehicles, renewable energy, and grid upgrades. Copper demand is expected to grow as clean energy and AI data centers expand. BHP's copper production stayed near historic highs, though lower ore grades at Escondida may reduce output in FY2027. The company also approved the $900 million Ministers North iron ore project in Australia to sustain long-term production.