Chile · Mining
Key Facts
—Two-year plateau BHP’s global copper output reached 2.02 million tonnes in fiscal 2025 and about 1.95 million tonnes in fiscal 2026, marking a second consecutive year near the 2-million-tonne level largely driven by its Chilean assets.
—2027 warning The company guides for a material decline to between 1.65 and 1.80 million tonnes in fiscal 2027, predominantly due to a forecast drop in ore grades at the world’s biggest copper mine, Escondida.
—Grade erosion at Escondida Escondida’s medium-term output is expected to fall to 900,000–1,000,000 tonnes per year by 2030, down from around 1.3 million tonnes, because of falling concentrator feed grades.
