According to analysts at Macquarie, BHP Group (ASX:BHP), recognized as the largest miner listed globally, is shifting its focus towards more growth, banking on its diversified commodity portfolio.

The brokerage believes that if BHP were to obtain approvals for mining expansion at its copper operations in Chile, it could alter the output from the Escondida mine.

Macquarie points out that the company’s management has been placing a substantial emphasis on its copper growth options.

They foresee that the company will concentrate on achieving substantial organic growth post the 2028 Olympic Dam major smelter maintenance program from its Australian copper operations.

BHP Group’s stock has decreased 5.7% this year, as per the last closing figures.

BHP Group (ASX:BHP) is a global mining company known as the world’s largest miner in terms of market capitalization.