BHP Reports Record Iron Ore Production in FY24, Copper Up 9%

Copper Output Reaches 15-Year High in FY24: Copper output improved 6% year over year to 504.9 kt in the fourth quarter and rose 9% year over year to 1,865 kt in fiscal 2024. It was the highest in 15 years. BHP's guidance for copper production for fiscal 2024 was within the 1,720-1,910 kt range. BHP also delivered on its targets for copper and nickel. Metallurgical coal was near the higher end of its guided range while energy coal outperformed the range. Per plans, South Flank completed ramp-up to full produ ...