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China’s cargo ban gives new meaning to BHP’s ‘Broken Hill’ origin

China has ordered domestic steel mills and trading firms to suspend all new purchases of BHP Group’s iron ore cargoes, escalating a pricing dispute that has unsettled commodity markets and placed fresh pressure on Australia’s mining sector. China Mineral Resources Group (CMRG), a state-owned Chinese company established in July 2022 to centralize the import of […]

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