Copper Rally Sends BHP and Rio Tinto Shares Sharply Higher

Published: May 8, 2026 09:30

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Copper prices moved closer to record highs on May 8, driving strong gains in shares of BHP and Rio Tinto. Investors are increasingly betting that AI infrastructure, power grid upgrades, and clean energy investment will create long-term structural demand for copper. Analysts in Australia said discussions around a new commodity supercycle are intensifying as capital flows back into mining stocks.

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