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bhp
BHP
1abbreviation
Broken Hill Proprietary
bhp
2abbreviation
brake horsepower
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Example Sentences
Mining giant BHP BHP -2.06%decrease; red down pointing triangle has said that the copper-to-aluminum price ratio has to be around 3.5 to four times before there is greater substitution to aluminum.
“Significant amounts of copper are required to build, power and keep these centers cool,” said Anna Wiley, head of BHP’s South Australia copper business, at a conference last month.
Britain’s Anglo and Canada’s Teck have both rejected multibillion-dollar takeover approaches in the past two years from BHP and Glencore, respectively.
BHP, which sought to buy Anglo American last year to cement itself as the world’s biggest copper producer, forecasts a 70% increase in demand for the metal by 2050.
Rambler said BHP and Rio Tinto are foreign companies with ties to Chinese state-owned companies, and will be exporting the copper taken from Oak Flat — “likely to China.”
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