On July 14, BHP Group rose 3.23% in pre-market trading, trading at approximately $84.35/share, with turnover of $1.66 million.

On the news front, BHP is reportedly weighing the sale of a desalination plant and electricity transmission assets in Chile, with a combined valuation of approximately $1.5 billion to $2 billion, as it sharpens its focus on core copper operations. The electricity transmission assets are expected to fetch $1 billion to $1.3 billion, while the desalination plant could raise $500 million to $700 million. BHP has not yet identified potential bidders as the deal remains pending.

The planned divestiture comes amid an accelerating copper expansion strategy. BHP recently secured environmental approval for early-stage works worth $1.3 billion at the Escondida copper mine expansion, filed a $1.5 billion permit application to reopen the Cerro Colorado copper mine, and struck a deal to sell its San Manuel property in Arizona to Faraday Copper for a 30% equity stake. These moves collectively reinforce BHP's commitment to doubling its copper production capacity.

Within the Diversified Metals and Mining sector, Rio Tinto up 2.77%, Teck Resources up 0.96%, MP Materials up 2.32%, USA Rare Earth up 3.37%, HudBay Minerals up 4.02%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)