BHP reports sharp rise in first-half profit amid strong demand for copper

The world’s largest miner reported a sharp first-half profit increase in February 2026, driven by surging copper demand as the metal accounted for over 50% of core earnings. Copper’s dominance reflects its critical role in energy transition technologies, including electric vehicles, renewable infrastructure, and quantum computing hardware, amplifying global supply pressures. Strong commodity prices and operational efficiency gains further boosted earnings, with the company highlighting record production volumes across key assets despite geopolitical and logistical challenges. The results underscore copper’s growing strategic importance as industries accelerate decarbonization and tech advancements, positioning miners as pivotal players in the next industrial revolution. Analysts note the trend may sustain long-term price strength, though supply chain constraints and regulatory risks remain key variables for future performance.