BHP reports 3% dip in YTD March FY26 copper output
BHP reported a 3% decline in copper production for the year-to-date ending March FY26, primarily due to lower production at Escondida and Spence deposits. The company maintained its production guidance for FY26, with copper expected to be in the upper half of the forecasted range.
BHP's copper production declined 3% to 1.46 million tonnes for the year-to-date ending March FY26, mainly due to lower output at Escondida and Spence deposits. The company expects group copper production to be in the upper half of the guidance range. Iron ore production rose 2% to 196.6 million tonnes, driven by record production at Western Australia Iron Ore. Steelmaking coal production was up 1%, while energy coal production increased 11%. BHP maintained its FY26 production guidance, with copper expected to be in the upper half of the 1.9-2 million tonnes range. The company also announced a leadership transition, with Brandon Craig set to succeed Mike Henry as CEO from July 1, 2026.
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