BHP sees robust China demand, declares dividend bonanza

BHP Group on Tuesday reported its best first-half profit in seven years and declared a record interim dividend.

MELBOURNE: BHP Group on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China's strong appetite for iron ore to support its infrastructure push kept prices elevated.

China's reliance on commodity-intensive stimulus measures to sustain economic growth has sent prices of the steel making ingredient to multi-year highs, while the COVID-19 vaccination push has brightened outlook for global trade this year.