China Mineral Resources Group, the state-owned Chinese iron ore buyer, has told domestic steelmakers and traders not to buy or take any iron ore cargo from BHP, the world’s biggest miner, amid stalled negotiations over contract renewals, sources with knowledge of the development have told Bloomberg. China Mineral Resources Group, created in 2022 to seek more favorable pricing from the top global miners for the giant Chinese steelmaking industry, is seeking greater influence for China in the global iron ore market, of which it is the biggest…
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