BHP Group is trading at A$58.00, down 4.7%, as concerns that AI and technology weakness could reduce copper demand weigh on the shares.

  • The Australian report also said BHP shares fell 4.70%, while the ASX 200 slipped 0.1%.
  • Escondida supervisors’ union reached a preliminary agreement to avert a strike, removing an immediate supply risk; members are voting on the contract.
  • Coverage did not establish the Escondida agreement as the direct cause of BHP’s decline.