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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BHP Group Limited | NYSE:BHP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.625 | 1.10% | 57.485 | 57.71 | 57.31 | 57.64 | 1,673,665 | 20:26:11 |
By Rory Gallivan
LONDON--BHP Billiton PLC (BLT.LN) said on Tuesday that it plans to reduce copper production costs to cope with lower selling prices for the industrial metal.
The company said it plans to lower costs for producing copper to $1.08 per pound, without giving a figure for current costs.
Daniel Malchuk, BHP Billiton President Copper, said that while near-term oversupply is weighing on current prices, attractive long-term fundamentals continue to support a positive outlook.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 01, 2015 06:29 ET (11:29 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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