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BHP has reported significant earnings from copper, which now contributes more to profits than iron ore for the first time. The company achieved $28 billion in revenue in the second half of the previous year, an 11% rise from the same period prior, largely due to a 30% increase in copper prices.

Additionally, BHP signed a $4.3 billion agreement for silver sales, benefiting from rising precious metal prices. While copper demand surges, older mines struggle to keep up, creating price pressures. Increased copper production could lead to higher profits but also higher risks associated with price volatility. The current copper demand is tied to sustainable projects like electric vehicles and renewable energy.