Commodities
BHP Eyes Copper Profits as China’s Appetite for Steel Fades
- CEO Henry says Asian giant’s steel demand has plateaued
- Sees attractive copper growth options after output rose 9%
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BHP Group Ltd. will focus on boosting returns from its burgeoning copper portfolio, the world’s biggest miner said on Tuesday, as it bets long-term gains for the crucial new-energy metal will help offset declining returns from iron ore as Chinese demand cools.
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