BHP Group Soars 3.05% on Strategic Partnerships, Nickel Acquisition

On July 21, 2025, BHP Group's stock rose by 3.05% in pre-market trading, indicating a strong start to the day's trading session.

BHP Group has recently made significant strides in its strategic partnerships and project developments. The company has entered into an agreement with Lifezone Metals to acquire a 17% stake in Kabanga Nickel Limited (KNL), a Tanzanian nickel mining project. This acquisition is part of BHP's broader strategy to secure critical mineral resources, particularly nickel, which is essential for the growing electric vehicle market.

Additionally, BHP Group, in collaboration with Canadian mining company Lundin Mining, has extended the service life of the Josemaria copper-gold-silver mine in Argentina's San Juan province from 19 to 25 years. This extension is based on new exploration data that shows an increase in extractable resources, with the daily processing capacity of ore expected to reach 17.5 million tons. The project is currently in the pre-construction phase and is scheduled to start production in 2030.

Furthermore, BHP Group has signed a cooperation agreement with CATL (Ningde Times), a leading global battery manufacturer. The partnership aims to promote the electrification of mining equipment, the construction of fast-charging infrastructure, and the development of energy storage and battery recycling solutions. This collaboration aligns with BHP's goal of achieving net-zero greenhouse gas emissions by 2050 and underscores the company's commitment to sustainable mining practices.