---
title: "Weekly Recap: Copper dominance in earnings and Port Hedland stoppage risk"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294740102.md"
description: "BHP's copper and gold earnings reached $7.95B, constituting 51% of group profit, surpassing iron ore. Meanwhile, Port Hedland union threats risk delaying shipments via a potential ship-loading ban. Additionally, BHP stands to acquire a 30% stake in Faraday upon approval of the San Manuel property deal."
datetime: "2026-08-03T21:14:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294740102.md)
  - [en](https://longbridge.com/en/news/294740102.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294740102.md)
generator: "portal-rs"
---

# Weekly Recap: Copper dominance in earnings and Port Hedland stoppage risk

BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs (ASX:BHP) saw copper (plus byproduct gold) drive underlying earnings of $7.95B—51% of group profit—while Port Hedland union threats risk delaying shipments and negotiations; pending Faraday deal would give BHP a 30% stake if approved Aug. 25, 2026.

**Previous Week Recap**

-   **BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs Earnings Mix**: BHP (BHP) reported copper, including byproduct gold, generated $7.95B in underlying operating earnings for the six months ended Dec 31, vs iron ore's $7.50B, making up 51% of group earnings. Reuters
-   **Port Hedland Unions Action Risk**: BHP: Port Hedland unions warned protected action — 24‑hr ship‑loading ban Aug 8 and 24‑hr halt Aug 9. Talks stalled despite 16% pay offer; action may delay ~16 shipments (~800,000t, ~$80M). 2 sources
-   **Faraday Share Issuance For BHP Stake**: If approved Aug. 25, 2026, Faraday will issue shares to BHP, giving BHP a 30% undiluted stake in Faraday after closing for the San Manuel property acquisition. ACCESS Newswire

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**