BHP Group Ltd shares fell on Thursday as iron ore prices dropped below the US$100 per tonne threshold. This price movement pressures the company's valuation and raises investor concerns regarding future iron ore profitability.
Copper has overtaken iron ore as the largest contributor to group earnings. The metal now accounts for 54% of BHP's underlying EBITDA.
An Australian union is backing a class-action lawsuit against the company. The legal action involves disputes over work performed on public holidays.