5 Biggest Copper Companies in the World

2. BHP Group Limited (NYSE:BHP)

Market Cap as of November 25: $213.25 billion

BHP Group Limited (NYSE:BHP) is an Australian mining company. It mines copper, iron ore, gold, molybdenum, zinc, silver, and coal. As of Q3 2022, 20 hedge funds had a stake in the company, and Fisher Asset Management was the most prominent stakeholder. The firm had 17.6 million BHP Group Limited (NYSE:BHP)’s shares, worth $881.24 million.

BHP Group Limited (NYSE:BHP) is looking forward to making aggressive expansions. In mid-November, the company made a new offer of AU$9.6 billion or AU$28.25 per share for the acquisition of OZ Minerals Ltd., a copper production company. The previous offer of AU$25 per share was rejected by OZ Minerals in August. Moreover, BHP Group Limited (NYSE:BHP) is planning to invest $5.7 billion in its new mining site for potash, the Jansen project. Production is expected to start by 2026.

On November 23, BofA analyst James Redfern upgraded BHP Group Limited (NYSE:BHP)’s stock to Buy from Neutral and raised the price target to AU$47.5 from AU$45, owing to a positive view on copper.