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BHP's latest financial results indicate that copper has surpassed iron ore in profit contribution. The company posted $28 billion in revenue for the second half of last year, an 11% increase year-on-year, driven by a nearly one-third rise in copper prices.

BHP also signed a $4.3 billion silver sales agreement, boosting investor confidence and raising its stock by 5%. The growing demand for copper, linked to long-term projects, presents both opportunities and risks for the company as it increases production amid fluctuating prices.