BHP Billiton Jumps Most in a Month on Record Copper Price
BHP Billiton Ltd., the world’s largest mining company, rose the most in a month and touched the highest price since July 2008 as copper surged to record levels.
BHP Billiton added 10 rand, or 3.8 percent, to 273.50 rand as of 2:47 p.m. in Johannesburg.
Copper reached a peak of $9,014 a metric ton, a 2.8 percent gain on the previous day, before trading at $8,994.75 on the London Metal Exchange.
The industrial metal made up $10.4 billion, or 19.7 percent, of the company’s revenue in the financial year ended June.
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