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Why the BHP share price rocketed 16% in February

Why the BHP share price rocketed 16% in February

The BHP Group Ltd (ASX: BHP) share price was in fine form in February.

Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed out January trading for $50.57. When the closing bell sounded on 27 February, shares were changing hands for $58.41 each.

This saw the BHP share price up 15.5% over the month just past, racing ahead of the 3.7% gains posted by the ASX 200 over this same time.

That strong performance also saw BHP retake the title of biggest stock on the ASX (by market cap) from Commonwealth Bank of Australia (ASX: CBA) towards the end of the month.

Now, here’s why investors have been busily buying shares in the big Aussie miner.

rising mining asx share price represented by happy woman miner in hard hat

Image source: Getty Images

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