ASX:BHPMetals and Mining
BHP Copper Shift And China Iron Ore Dispute Test Valuation Premium
BHP Group has agreed to divest its San Manuel property in Arizona to Faraday Copper Corp as part of a wider reshaping of its asset portfolio.
The transaction ties BHP to the development of a potential U.S. copper supply hub at a time when copper remains central to electrification and infrastructure demand.
In parallel, BHP is in a contract dispute with China's state backed iron ore buyer, which has imposed purchasing curbs on some iron ore shipments.
The combination of the U.S. copper move...