Australia’s major iron ore export ports in northwest Australia remained closed on Monday as Tropical Cyclone Sean strengthened into a Category 3 storm overnight, Paul-Alain Hunt of Bloomberg reports. The Pilbara Ports Authority closed Port Hedland and the ports of Dampier, Ashburton, Varanus Island, and Cape Preston West. The ports handle significant volumes of iron ore from minors including BHP Group (BHP), Rio Tinto (RIO), and Fortescue (FSUGY) as well as liquefied natural gas cargoes from Woodside Energy (WDS) and Chevron (CVX).
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BHP:
- Trump Trade: Canada planning retaliatory tariffs on $105B of U.S. goods
- BHP Group price target lowered to 2,450 GBp from 2,580 GBp at JPMorgan
- Lundin Mining, BHP Group complete acquisition of Filo
- Supreme Court denies bid by oil firms to end Honolulu’s suit, Reuters says
- Trump’s team discussing gradual tariff increases, Bloomberg reports