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 move that will strengthen BHP's position in the nickel market. This acquisition is part of BHP's broader strategy to secure critical resources for the growing electric vehicle industry.

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), focusing on the electrification of mining equipment, the construction of fast-charging infrastructure, energy storage, and battery recycling. This partnership aims to promote the green transformation of the mining industry by providing integrated and comprehensive solutions. The collaboration will also involve the development of battery solutions for heavy mining equipment and railway locomotives, as well as the application of energy storage systems in BHP's global mines.