Moody's: BHP's growing copper business revenue provides strong support

Gelonghui, February 17th｜Saranga Ranasinghe, Senior Credit Officer at Moody's Ratings, stated that BHP's first-half results highlight the miner's continued strong balance sheet and underscore the growing importance of its copper business to the company. Ranasinghe noted that the copper business currently contributes about half of the group's earnings before interest, taxes, depreciation, and amortization (Ebitda), "and provides a strong earnings pillar." "This shift towards copper enhances the resilience of the product portfolio, as its long-term demand outlook is promising and its cost positioning is favorable."