tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

China bans all BHP iron ore cargoes amid pricing dispute, Bloomberg reports

China’s state iron ore buyer has told major steelmakers and traders to temporarily pause purchases of any dollar-denominated seaborne iron ore cargoes from BHP, Bloomberg’s Alfred Cang and Katharine Gemmell report, citing people familiar with the matter. The decision means new deals can’t be signed, including for cargoes that have already left Australia, where BHP has its mines, except for some supplies that have landed in China and are priced in yuan.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1