en.Wedoany.com Reported - BHP holds a 50% stake in the Vicuña project operated in San Juan, Argentina. The company's CFO, Vandita Pant, stated at the Macquarie Australia Conference in Sydney that investor interest in copper is growing increasingly strong, partly because artificial intelligence demand has enhanced copper's value. Pant noted: "We have observed growing interest since the release of our half-year results, and we are seeing more international generalist investors on our register."

BHP's underlying profit for the first half exceeded expectations, with copper price increases surpassing iron ore in profit contribution for the first time, and AI demand is seen as a key factor driving copper prices higher. Pant explained: "They like electrification, and they also like AI, but they don't want to pick winners. They start from scratch and ask themselves: Where is the bottleneck? Copper is the bottleneck. Who do we invest in that can both reduce downside risk and maintain upside potential? To them, BHP seems like a good choice."

According to a Reuters report last month, large fund management companies are accelerating capital inflows into the mining and metals sector, influenced by AI infrastructure construction, increased defense spending, and capital outflows from tech stocks. When asked whether BHP would adjust its portfolio beyond key commodities (copper, iron ore, potash, and metallurgical coal), Pant said it is regularly evaluated and mentioned uranium production: "We remain quite optimistic about uranium. We have a lot of uranium at our Olympic Dam mine in South Australia, so we are very comfortable with that position."

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