Why BHP, DroneShield, Lotus Resources, and Nuix shares are pushing higher today

These shares are having a better day than most on Thursday. But why?

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Key points
  • While the S&P/ASX 200 Index faces a slight dip, BHP Group defies the trend with a rise of over 3%, energised by copper's record high on the London Metal Exchange, driven by its crucial role in the global energy transition.
  • Despite a lack of fresh announcements, DroneShield sees a 3% boost as investors, convinced the shares have been oversold from previous lows, seize buying opportunities.
  • Lotus Resources climbs over 6% as its promising update on Malawi's Kayelekera Mine boosts confidence, while Nuix edges up nearly 2% after announcing a strategic acquisition that enhances its data analysis capabilities.

The S&P/ASX 200 Index (ASX: XJO) is out of form and on course to record a small decline on Thursday. In afternoon trade, the benchmark index is down slightly to 8,592.3 points.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Excited couple celebrating success while looking at smartphone.

Image source: Getty Images

BHP Group Ltd (ASX: BHP)

The BHP share price is up over 3% to $44.42. This has been driven by a strong night of trade for the copper price, which is lifting a number of miners today. The copper price hit a new all-time high of US$11,400 per tonne on the London Metal Exchange. This means the base metal has now risen by more than 30% since the start of the year. Its increased use in the energy transition has been behind its strong rise.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 3% to $1.89. This is despite there being no news out of the counter drone technology company. However, with its shares down heavily over the past month, it seems that some investors believe they have been oversold and are snapping them up. DroneShield shares remain down over 50% since this time last month. Bell Potter remains bullish and has a buy rating and lofty $5.30 price target on its shares.

Lotus Resources Ltd (ASX: LOT)

The Lotus Resources share price is up over 6% to 17 cents. This morning, this uranium producer released an update on its Kayelekera Mine in Malawi. Management advised that the processing plant achieved pleasing throughput and recovery levels in November. As a result, it continues to expect steady state operational production in the first quarter of 2026. Lotus' managing director, Greg Bittar, said: "Production for the planned operating time in November has been very pleasing and provides us with the confidence that nameplate throughput levels and other key production parameters can be achieved."

Nuix Ltd (ASX: NXL)

The Nuix share price is up almost 2% to $1.84. This follows news that the investigative analysis software provider is making an acquisition. Nuix has agreed to acquire Linkurious, which is a graph-powered AI decision platform, for up to 20 million euros (~A$35.4 million). Nuix's interim CEO, John Ruthven, said: The acquisition of Linkurious is an exciting accelerator for our strategic vision to enable our customers with insights from complex data at unparallelled speed and scale. This injection of graph-native expertise, proven link analysis technology and quality customers will allow us to bring immediate value to our customers.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. The Motley Fool Australia has recommended BHP Group and Nuix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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