Commodities Buzz: BHP says global economy expected to grow around 3% this year, China stays resilient

Australian resources giant BHP reported Tuesday a jump in half-year net profit boosted by demand for copper globally. BHP says it is the world?s largest copper producer after raising output by about 30 percent in the past four years, including from its vast Escondida mine in Chile. BHP said that it expects around 3% global economic growth in CY26. China?s economy is resilient after meeting its around 5% target last year. India continues to outperform. It is optimistic that the economic backdrop is supportive for key commodities that the company produces.

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