Iron ore pricing and contract negotiation
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‘Don’t poke the bear’: BHP reportedly closing in on deal with China’s state-owned iron buyer
The Market Online· 2026-03-25 22:34
BHP Group's (ASX:BHP) iron ore pricing and contract dispute with China may (nearly) be over, with unconfirmed reports suggesting China Mineral Resource Group is close to striking a deal to resume buying certain products. "I'd say to the CMRG, step away from that gun fight, it isn't one worth having," Mr Forrest told Bloomberg in a scathing takedown aimed at Beijing. "Forming a cartel to force down the iron ore price will impact an economy completely. When you threaten someone who has nothing to lose, you ca ...