Global copper shortage intensifies! BHP Group Ltd (BHP.US) to double investment in Argentina copper project to $800 million this year.

A senior executive of BHP Group Ltd revealed that its subsidiary, Vicuña Corp., plans to double the investment in its globally significant copper mining project located at an altitude of over 4,200 meters in the Andes on the border between Argentina and Chile this year.

Zhitong Finance14:54

Rotation in hard assets! Goldman Sachs: This commodities rally is more of an 'asset allocation shock' than a pure supply-demand story.

Goldman Sachs pointed out that the strength of the commodity market in early 2026 can no longer be explained by a single supply-demand logic. The scale of commodities is extremely limited, and even relatively moderate inflows of asset allocation funds are sufficient to cause significant price shocks in the short term. For every one basis point increase in the proportion of gold allocation in U.S. financial portfolios, the price of gold will be pushed up by approximately 1.5%. The current copper price has partially reflected allocation-driven logic, and it is expected that prices may fall back to $11,200 per ton by the fourth quarter of 2026.

wallstreetcn43minutes ago

Asian Stocks: Asia-Pacific stock markets advanced, with Japan and Thailand leading gains; MediaTek surged 7%, while DBS Group softened after earnings.

Major stock markets in the Asia-Pacific region rose this morning (September 9), supported by significant gains in the three major U.S. stock indices last Friday (September 6). The Japanese and Thai stock markets, in particular, outperformed other regional markets, driven by the ruling party's election victory. The People’s Bank of China conducted a seven-day reverse repo operation in the open market, injecting a net 38 billion yuan in a single day. The Shanghai Composite Index rose 47 points, or 1.2%, to 4,113 points at midday; the Shenzhen Component Index increased by 287 points, or approximately 2%, to 14,194 points. Hong Kong's Hang Seng Index gained 385 points, or 1.5%, to close at 26,945 points at midday, with turnover reaching 136.3 billion yuan. Taiwan's weighted average index rose 782 points, or 2.5%, to 32.

AASTOCKS13:00

Macquarie Upgrades Fortescue Metals Group Ltd (FSUMF) to a Hold

TipRanks09:07 · Ratings

BHP Group Ltd (BHPLF) Gets a Hold From Macquarie

TipRanks09:06 · Ratings

BHP Price Target Raised 6% to A$51.00/Share by Macquarie

Dow Jones06:28 · Ratings