🔴 BHP Group is trading 3.1% down today after copper production miss and weaker output guidance

BHP Group is trading 3.1% down at $82.86 after reporting a quarterly copper production miss and flagging lower future output from key Chilean assets.

• Quarterly copper production fell 5% to 491,900 tonnes, missing analyst estimates and pressuring the company’s long-term growth outlook.
• Management warned that Chilean copper volumes will decline in coming years due to lower ore grades at major mines.
• The weakness in the copper segment overshadowed firm performance in the company's iron ore operations.