BHP Reports Record Iron Ore, Copper Production in 2025

BHP achieved record-breaking production in both iron ore and copper for the year ending June 2025, with iron ore output reaching 263 million metric tonnes, a 1% increase from the previous year and surpassing analyst expectations. Key contributors to this performance included operational improvements in Western Australia's Pilbara region and the South Flank mine exceeding its nameplate capacity in its first full year. Despite challenges such as tropical cyclones and a volatile commodities market with iron ore prices falling 19%, BHP demonstrated resilience and operational excellence. Copper production hit a record 2.02 million tonnes, led by the Escondida mine in Chile, which saw its highest output in 17 years due to improved throughput and recoveries. BHP also flagged potential delays and cost increases for its Jansen potash project in Canada, projecting capital expenditures between US$7.0 billion and US$7.4 billion with production expected by mid-2027. Overall, strong demand, particularly from China, supports BHP's positive outlook amid global uncertainties, while analysts maintain a hold rating on the stock with an average price target near $50.