BHP holds FY27 copper guidance as BHP stock trades at EUR 74.25

Published on 10/20/2026 at 09:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BHP holds FY27 copper guidance at 1,650-1,800 kt. BHP stock costs EUR 74.25 on October 20, 2026, while market value is USD 211.5 billion.

Copper output shapes the outlook

BHP produced 400.70 kt of copper in the quarter ended September 30, 2026.
FY27 copper guidance stays at 1,650-1,800 kt after the September quarter review.
BHP stock trades at EUR 74.25 at 9:03 a.m. CEST at Lang & Schwarz on October 20, 2026.

BHP, US0886061086, Illustration mit AI erstellt.

BHP (ISIN US0886061086) produced 400.70 kt of copper in the quarter ended September 30, 2026, down 19 percent from a year earlier. The operational review also kept full-year copper guidance at 1,650-1,800 kt, according to TradingView on October 20, 2026.

Copper weakness meets firm guidance

The copper decline reflected planned lower feed grades, scheduled maintenance, severe weather in Chile and operational disruptions. Escondida produced 252.60 kt, down 23 percent year on year, while Antamina increased copper production 18 percent to 40.00 kt, according to the same October 20 report.

The counterweight came from iron ore. BHP produced 66.50 million tonnes in the September quarter, up 4 percent year on year, and retained FY27 guidance of 260-272 million tonnes. Average realized copper prices reached USD 7.01 per pound, up 53 percent from USD 4.59 per pound a year earlier.

Three events set the operating timeline

On September 23, 2026, a fatal incident at Escondida contributed to a temporary suspension of mining activity. On October 14, 2026, a new 36-month collective agreement with the supervisors' union became effective. On October 20, 2026, BHP reported 400.70 kt of quarterly copper output and unchanged FY27 guidance, with all three events covered in TradingView.

What does the guidance mean?

The unchanged range puts the emphasis on execution in the remaining three quarters. BHP said the Carrapateena conveyor had returned to full capacity, while Jansen Stage 1 was 87 percent complete and targeted first production in mid-2027. The report also recorded USD 800.00 million of pre-commitment funding for the Escondida New Concentrator.

Dates investors can track

Jansen Stage 1 is targeted for first production in mid-2027, while the company plans a site visit in November 2026 to provide more detail on its copper and potash growth strategy.

Stock price and operating risk

The September review leaves BHP with a clear split between weaker copper volumes and stronger realized prices. The next quarterly production figures will show whether the operational disruptions are fading quickly enough to support the unchanged annual range.

BHP stock was trading at EUR 74.25 at Lang & Schwarz on October 20, 2026 at 9:03 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of BHP stock.