Albanese hopes China’s reported BHP iron ore ban ‘very much short-term’ as ASX dips

Treasurer Jim Chalmers and BHP CEO Mike Henry to discuss reports of Chinese iron ore blockade

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The treasurer, Jim Chalmers, will meet with the boss of BHP amid a shock report that the world’s largest mining company faces a Chinese blockade on its iron ore shipments.

Beijing’s state iron ore buyer has told steelmakers to pause imports of BHP ore, amid hardball negotiations over the price of the crucial resource, Bloomberg reported on Tuesday.

Source: Guardian - World News