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BHP Shares Slide 2% Amid Copper Tariff Uncertainty, China Demand in Focus

BHP Shares Slide 2% Amid Copper Tariff Uncertainty, China Demand in Focus

Published:
2026-01-08 07:38:02
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BTCCSquare news:

BHP Group Ltd. fell nearly 2% in Sydney trading as U.S. copper tariff speculation rattled commodity markets. The stock closed at A$47.34, mirroring declines in its U.S.-listed ADRs. Copper volatility dominated sentiment, with S&P Global projecting a 50% demand surge by 2040—though near-term policy risks loom.

China’s iron ore restocking ahead of Lunar New Year provided partial offset. Analysts note BHP’s earnings remain levered to copper and steel demand, keeping investors cautious ahead of operational updates. The structural copper deficit—potentially exceeding 10 million tons annually without new supply—contrasts sharply with tariff-driven price swings.

|Square

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