JPMorgan analyst Dominic O’Kane lowered the firm’s price target on BHP Group (BHP) to 2,490 GBp from 2,550 GBp and keeps a Neutral rating on the shares. The firm says BHP’s Chile copper predicament has parallels to Rio’s iron ore situation. BHP is facing a copper production cliff as Escondida copper output will fall for the next five years, the analyst tells investors in a research note.
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