BHP Group Limited (NYSE:BHP) is one of the best copper stocks to buy according to hedge funds. On August 6, reports emerged indicating that the company, in partnership with Lundin, plans to apply for a new investment incentive scheme in Argentina.
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The company is eyeing the incentive to support the development of the Vicuna copper project. The Large Investment Incentive Regime, which began last year, seeks to boost activities in the mining sector by offering tax breaks. The scheme also provides access to international dispute courts for investments exceeding $200 million.
In addition to the Argentinian push, BHP Group is fresh from reporting record copper and iron ore production for fiscal year 2025. The milestone came despite the company experiencing a delay and potential cost overrun at its Jansen potash project in Canada that reached $1.7 billion.
BHP Group Limited (NYSE:BHP) is a global resources company focused on producing a range of commodities essential for various industries and the global transition to a more sustainable future. They are a leading producer of iron ore, copper, and metallurgical coal, and are also involved in nickel, potash, and other minerals.
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Disclosure: None. This article is originally published at Insider Monkey.
