State-run China Mineral Resources Group (CMRG) has widened restrictions on buying new seaborne iron ore cargoes from BHP, as a months-long contract dispute persists, reported Reuters. The iron ore buyer is said to have told several traders to buy fewer BHP flagship grades like Mac fines and Newman fines and lumps, products that have not yet been part of the…
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Australian Prime Minister Anthony Albanese said he was concerned about a report that China’s state-owned China Mineral Resources Group (CMRG) had taken steps to pause purchases of iron ore cargoes from BHP, reported Reuters. A Bloomberg News report cited that CMRG had asked the country’s steelmakers and traders to pause purchases of BHP’s seaborne iron ore cargoes during annual price…
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Australia’s Fortescue Metals Group said it will cooperate with Chinese authorities to resolve unusual customs delays of two iron ore shipments at the Caofeidian Port in Tangshan, reported Reuters. “We will just work through with the relevant port authorities to understand what they need, such that we clear the cargoes as soon as possible,” Vivienne Tieu, director of Sales, Marketing…
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