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China Mineral Resources
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Major miners including BHP, Rio Tinto and Fortescue have asked Canberra for support in pushing back against China Mineral Resources Group's hardball tactics, with senior government officials confirming they have received requests for intervention. A Senate panel heard that industry circles have raised the prospect of a single selling desk for Australia's most valuable commodity export, worth an estimated A$114-billion in the current financial year, to counter CMRG's role as a single State buyer.
BHP adopts Chinese price index and yuan sales to end seven-month disputeBHP concluded negotiations with CMRG in April 2026, agreeing to use the COREX 61% iron-ore portside index with a 26% weighting for settling Jimblebar fines contracts and accepting some yuan-denominated sales. The deal, running through June 2027, ended bans on BHP products including Jimblebar, Jinbao and Newman fines that had caused stocks at 15 major Chinese ports to surge 382% higher than September levels.
India and Southeast Asia emerge as growth markets as China steel output fallsRio Tinto and BHP executives say new steel demand in India and Southeast Asia will offset stagnation in China, where steel output fell to a seven-year low in 2025 amid a property-sector crisis now in its fifth year. India plans to double steel production to 400-million tonnes by 2035/36 from 168-million tonnes, requiring vast additional quantities of iron-ore and metallurgical coal.
China Mineral Resources Updates
Australia's iron-ore miners emphasised on Tuesday how growing steel demand in India and Southeast Asia would help offset the stagnating market in top customer China, where they also face pressure...
Major miners and their lobbyists have asked Canberra for help in pushing back against China's efforts to extract better terms for their iron-ore, including raising the prospect of a single selling...
China’s State-backed iron-ore buyer has instructed some steel mills to ask questions about Fortescue's new low-grade product as negotiations over a long-term supply contract hit a rough patch....
China's State iron-ore buyer has lifted its ban on purchases of certain BHP ore products that had piled up at ports, four sources with knowledge of the matter said on April 28. BHP Group, the...
BHP Group agreed to use an additional Chinese iron ore price index for one of its flagship products as part of a deal with China to end a months-long dispute, three sources with knowledge of the...
Iron-ore slid to its lowest in a month after a report that BHP Group’s incoming CEO had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining...
BHP Group's incoming CEO, Brandon Craig, met with the chairman of Chinalco in Beijing this week and discussed further cooperation, the Chinese aluminium giant said on Thursday. Craig's trip to...
Inventories of BHP's Jimblebar fines, a type of iron-ore, at some Chinese ports slid to a near two-month low after steelmakers rushed to take delivery during a one-week ban reprieve, according to...
Fortescue's executive chairman Andrew Forrest said China’s state-backed iron buyer should stop using tactics aimed at negotiating lower prices for the key steel ingredient. Speaking Wednesday on...
Iron-ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday. The US-Israeli war on...
China will ease a ban on BHP's Jimblebar fines, an iron-ore product, until next week, sources said on Friday, only a day after Beijing expanded restrictions against its third-largest supplier....
China has widened a ban on BHP iron-ore for the second time in two weeks, escalating a months-long contract dispute with the world's third-largest supplier of the key steelmaking ingredient. China...
China’s state-backed iron-ore buyer has summoned traders and urged them to refrain from buying new BHP Group cargoes to sell to buyers in the country after they were found to be flouting a...
Commodities are entering 2026 on a firmer footing, with gold and copper supported by strong structural drivers and the potential for recovery emerging in oil and grain markets later in the year,...
BHP Group has shipped iron-ore cargoes barred from sale in China to Malaysia and Vietnam, seeking alternative buyers as its stocks of Jimblebar pile up at Chinese ports amid a protracted contract...
Commodities are entering 2026 on a firmer footing, with gold and copper supported by strong structural drivers and the potential for recovery emerging in oil and grain markets later in the year,...
China, the world's largest iron-ore consumer, has received its first shipment of iron-ore from the Simandou mine in Guinea in West Africa, in which Beijing has heavily invested to increase supply...
China’s State-backed iron-ore buyer is proposing measures to curb hoarding of the steelmaking ingredient at ports, in a move that could dent the pricing power of foreign miners and traders. China...
Protracted negotiations between China's state iron ore buyer and miner BHP have tightened availability of some iron ore, seven sources said, underpinning prices despite weakening demand for the key...
China's state buyer has allowed its steel mills to resume buying a type of iron-ore from Australia's Hancock Prospecting after barring such sales during a year-plus negotiation dispute, three...
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