BHP Dethrones CBA as Australia’s Biggest Firm Amid Metals Rally

A broad surge in metals markets has boosted BHP Group Ltd. shares, helping the miner unseat Commonwealth Bank of Australia as the nation’s most valuable company.

The world’s biggest miner gained as much as 3.4% on Tuesday, taking its market capitalization to over A$253 billion ($175 billion). It now makes up 9.3% of the benchmark S&P/ASX 200 Index, while CBA’s weighting has slipped below that level. The bank had held on to the top spot since October 2024.