A price dispute between mining giant BHP and China’s state-run iron ore buyer risks dragging on for months, and even into early 2026, as both sides remain locked in stalemate.
So far, the world’s largest miner has seen minimal disruption in its shipments to China, largely because the company has already sold most of its allocation of iron ore for November and December, according to people familiar with the matter.
The stand-off between BHP and China’s state-run iron ore buyer could drag on for months. Credit: Bloomberg
The company put forward as many as 50 cargoes in the days after China Mineral Resources Group ordered a suspension of purchases at the end of last month, they said. The shipments have been offered to international traders and at least one Chinese outfit, among oth