ASX:BHPMetals and Mining
BHP Group (ASX:BHP) Is Down 5.7% After China Curbs Iron Ore Shipments And Nickel Portfolio Sale
China Mineral Resources Group has, over recent months, tightened and now extended restrictions on BHP Group’s iron ore shipments, including a ban on Newman fines, forcing BHP to redirect cargoes and seek alternative buyers amid an unresolved contract dispute with its largest customer.
At the same time, BHP is advancing the sale of its non-core nickel portfolio, with South32 emerging as a leading contender for the West Musgrave copper-nickel project, highlighting how BHP is reshaping its...