The BHP Group Ltd (ASX: BHP) share price is up 2.4% in early trade today.
Shares in the S&P/ASX 200 Index (ASX: XJO) iron ore giant closed on Friday trading for $42.75. Shares are currently changing hands for $43.79 apiece.
Here's what's piquing ASX 200 investor interest today.
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What are ASX 200 investors considering today?
With no fresh price-sensitive news hitting the wires, the BHP share price looks to be getting a lift on several other fronts today.
First, BHP shares are listed on numerous international exchanges, and the miner posted some sizeable gains on all of them after the ASX closed here on Friday.
On the NYSE, for example, BHP closed up 3% on Friday (overnight Aussie time).
The BHP share price is also enjoying some tailwinds today due to broader market enthusiasm surrounding a potential deal to raise the debt ceiling once again in the United States. That's also helped send the ASX 200 up 1% in early trade.
Markets have been roiled as the US officially edged beyond its US$31.4 trillion (AU$48.2 trillion) debt cap, with the federal government potentially running out of cash in early June.
But over the weekend news emerged that US President Joe Biden and top congressional Republican leader Kevin McCarthy reached a deal to lift the US debt ceiling. Though that still needs to be approved by the US Senate.
And the BHP share price also enjoyed a boost in the iron ore price, which rose back above US$100 per tonne to currently be trading for US$101.10 per tonne.
While the miner gets significant amounts of revenue from metals like copper and aluminium, iron ore is still the primary revenue driver.
How has the BHP share price performed longer term?
Shares in the ASX 200 iron ore miner are down 3% over the past year. Though do note, that figure doesn't include the stock's dividend payouts.
Longer term, the BHP share price is up 31% over five years.
