Business
What’s behind the rising BHP (ASX:BHP) share price today?
Shares in BHP Group Ltd (ASX: BHP) and other copper miners have lifted today, alongside rising prices in the red-gold metal.
At the close of trade today, the BHP share price was trading at $47.91, up 0.74%. Rio Tinto Limited (ASX: RIO) ended the day 1.31% higher at $122.74, OZ Minerals Limited (ASX: OZL) finished 0.41% higher at $24.38, and Sandfire Resources Ltd (ASX: SFR) closed 1.14% higher at $6.21.
In comparison, the S&P/ASX 200 Index (ASX: XJO) ended the day 0.2% lower.
Let’s see what factors were driving copper prices – and the BHP share price – higher today.
Copper and BHP share price up
As of writing, copper prices are up 1.16% today to reach a 9-year high of US $4.389 per pound. In comparison, the price of gold is…
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