What happened to bhp shares in Australia?

Shares of mining giant BHP Group jumped 3% in Australia on Thursday morning, after the company announced it will be supplying nickel to electric carmaker Tesla.

What percentage of the Australian Stock Market is bhp?

"BHP is currently about 6 per cent of our market, the ASX 200, and it'll grow to about 10 per cent." The ASX 200 is an index that tracks the fortunes of the 200 largest listed companies in Australia. (The 'All Ordinaries' covers the top 500). While that is an accurate description, it does not fully represent the reality.

Is bhp shares a 'buy'?

According to CommSec,investment banker and broker Goldman Sachs has rated BHP shares a 'buy', with a pricing target of $54.20 a share upheld last week. Goldman sees further upside for BHP shares due to a positive outlook on future coal, oil and copper prices going forward.