BHP Group, the world's largest listed miner, is bracing for rising costs into the middle of the decade, adding to headwinds facing the copper market which is facing short-term oversupply, an executive said on Wednesday.
"We've seen some substantial cost inflation. We don't think we've seen the end of it yet. We think this is going to be a period of between the next 2 years or 3 years," said BHP's Chief Development Officer Johan van Jaarsveld.
