Copper Price Surge Boosts Major Miners’ Profits

Published: Feb 23, 2026 09:40

Save

Rising copper prices have notably boosted profits at major miners such as BHP, Glencore and Teck Resources, with BHP reporting a ~28% profit increase and planning expanded copper output. Demand drivers include renewable energy, AI data centres and EV infrastructure, which continue to underpin strong copper demand.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

Copper Prices Retreat After Recent Peaks

After recent record highs, global copper prices have eased as traders balance seasonal slowdowns and rising inventories, even as structural deficits remain.

Common.Time.hoursAgo

US Copper Plate Prices Rise but Scrap Values Weaken

US copper plate prices firmed modestly in early February supported by tech-sector demand, but scrap values softened amid rising secondary supply.

Common.Time.hoursAgo

Nonferrous Markets Start 2026 in Dramatic Fashion; Copper Scrap Demand Holds Up

Recycling Today reports that nonferrous markets began 2026 with notable volatility, with copper prices nearing record highs before moderating, while aluminum and zinc also saw fluctuating gains and retreats. In the copper scrap segment, global demand remains healthy despite softer U.S. demand. A Midwest scrap processor noted that high-grade scrap such as No. 1 bare bright copper fetched stronger prices, leading to unprecedented export volumes to India, Japan, and South Korea. Domestic consumers may soon recognize tighter apparent supply conditions.

Common.Time.hoursAgo