Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
CVS Health Signals Strong 2026 Profit Outlook Amid Turnaround Progress 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
BHP, the world’s largest listed miner, announced record annual copper production of 2.02 million metric tonnes (Mt) in fiscal 2025—surpassing the 2 Mt mark for the first time and hitting the upper end of its guidance. However, copper output is expected to fall in fiscal 2026 to between 1.8 Mt and 2.0 Mt, driven by anticipated lower ore grades at the flagship Escondida mine in Chile.
The miner also posted record iron ore output of 290 Mt for the year, with fourth-quarter production reaching 77.5 Mt—beating analysts’ consensus of 75.90 Mt. For fiscal 2026, BHP projects iron ore output between 284 Mt and 296 Mt. A strong June quarter helped offset earlier disruptions from two tropical cyclones, with operational improvements at the Pilbara region following the ramp-up of the South Flank mine.
In Canada, BHP’s Jansen Stage 1 potash project has been delayed, with first production now expected in mid-2027, instead of the previously targeted end-2026. Project costs have surged to between $7.0 billion and $7.4 billion—up to 29% higher than initial estimates. BHP attributed the cost increase to inflation, design and scope changes, and lower-than-expected productivity during construction.
The company also revealed it is reviewing strategic options for its Western Australia Nickel operations, which have weighed on its balance sheet. A potential divestment is being considered, alongside other alternatives such as continued suspension, restart, or closure.
Despite challenges, BHP remains operationally strong, with iron ore and copper continuing to drive growth while navigating project delays and shifting market dynamics. Investors will be closely watching how BHP manages its potash expansion and nickel strategy in the coming year.
