Business
BHP (ASX:BHP) share price storms to new high
The shares of the world’s biggest commodities producer, BHP Group Ltd (ASX: BHP), were given a strong boost today by a record rally in commodity prices including iron ore and copper metals.
In fact, the BHP share price at one point reached a new record high of $46.98, but has pulled back slightly to trade at the current price $46.92, rising by 6.13%.
Other mining shares also climbed today, with the Rio Tinto Limited (ASX: RIO) share price surging by almost 8%, and Fortescue Metals Group Limited (ASX: FMG) higher by almost 4%.
What’s driving the BHP share price to record highs?
The rise in the BHP share price today is driven by increases in commodity prices across the board.
The price of iron ore reached US$168/tonne overnight…
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