China’s refined copper exports double to record on surplus
Shipments more than doubled to 157,751 tons in June from May, well above the previous all-time high of 102,000 tons in 2012.
BHP (NYSE, LON, ASX:BHP) will be looking to expand in copper and nickel to position itself well in a world that is decarbonising, new chief executive Mike Henry said on Tuesday.
“We need more copper and we need more nickel,” Henry told reporters after saying that the company would need to create more options for itself in “future facing” commodities.
Henry also said that the company would be willing to sell its thermal coal assets if a buyer offered a good value.
(By Sonali Paul and Melanie Burton; Editing by Dan Grebler)
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