BHP Group has shelved its plan to spin off its Australian iron ore and coal divisions, choosing instead to focus on mid-term growth through commodities like potash and copper, crucial to the green economy.

In 2023 and 2024, BHP emphasized green steel initiatives, highlighted by its bid to acquire Anglo American in 2023. The acquisition would have strengthened its copper portfolio and supported projects like Chile's Escondida and Canada’s Jansen potash.

However, the deal's collapse, coupled with weakened global environmental goals, led BHP to scale back its green steel ambitions. Still, the company’s willingness to explore such strategies shows its strong commitment to redefining its future direction towards green steel.