BHP’s Incoming CEO Opens Door to Copper Deals as Shares Hit Record
BHP incoming CEO Brandon Craig said the miner will pursue smaller acquisitions and partnerships to drive growth beyond 2035. BHP shares hit record highs this week, buoyed by copper exposure, closing at A$62.06 in Australia. China’s port stocks of BHP’s Jimblebar iron ore dropped 3.1% after Beijing lifted purchase curbs, but inventories remain elevated. Former BlueScope CEO Mark Vassella joins BHP’s board June 1.