China Lifts Ban on BHP Iron Ore Purchases, Easing Trade Tensions
China's State iron-ore buyer has lifted its ban on certain BHP ore products, allowing purchases of previously restricted portside cargoes. This decision follows contract negotiations between BHP Group, a major global iron-ore supplier, and China Mineral Resources Group (CMRG). The ban, which affected seaborne products, was lifted after a visit by BHP executives. Steelmakers can now purchase and take delivery of BHP products like Jimblebar fines, which had accumulated at ports.