Business
BHP (ASX:BHP) share price drops despite 10-year iron ore highs
The BHP Group Ltd (ASX: BHP) share price is falling this morning after the global resource giant released its third-quarter update.
At the time of writing, the BHP share price is trading 1.63% lower to $46.68.
Why is the BHP share price falling lower?
Investors have been selling the miner’s share this morning after the company posted its quarterly activities report for the period ended 31 March 2021.
According to the announcement, BHP achieved record production at Western Australia Iron Ore (WAIO). Additionally, the company accomplished record average concentrator throughput at its Escondida copper mine.
Following the quarter’s performance, production guidance for FY21 remains unchanged for petroleum and iron ore. However,…
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