{"id":52939,"date":"2025-09-30T20:44:42","date_gmt":"2025-10-01T00:44:42","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/australia-pm-concerned-about-chinas-reported-pause-on-bhp-iron-ore-purchases\/30\/09\/2025\/"},"modified":"2025-09-30T20:44:42","modified_gmt":"2025-10-01T00:44:42","slug":"australia-pm-concerned-about-chinas-reported-pause-on-bhp-iron-ore-purchases","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/australia-pm-concerned-about-chinas-reported-pause-on-bhp-iron-ore-purchases\/30\/09\/2025\/","title":{"rendered":"Australia PM concerned about China&#8217;s reported pause on BHP iron ore purchases"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->MELBOURNE (Reuters) -Australian Prime Minister Anthony Albanese said on Wednesday he was concerned about a report that China&#8217;s state iron ore buyer had taken steps to pause purchases of iron ore cargoes from miner BHP.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Bloomberg News, citing people familiar with the matter, reported on Tuesday that state-owned China Mineral Resources Group (CMRG) had asked the country&#8217;s steelmakers and traders to pause purchases of BHP&#8217;s dollar-denominated seaborne iron ore cargoes during annual price negotiations.<!-- HTML_TAG_END --><\/p>\n<p> <iframe loading=\"lazy\" title=\"CDS Widget\" src=\"https:\/\/templates.cds.yahoo.com\/remote\/widget?campaignId=0bb60fc3-fb26-4dfd-b456-173d3b5f5985&amp;lineItemId=614fa0c4-e7ed-4525-a6c3-2dd8ba1e1588&amp;site=finance&amp;contentId=9b62d157-caec-3c13-bbf8-d487558c1d1e&amp;spaceId=1183300103&amp;providerId=reuters.com\" scrolling=\"no\" height=\"400\" data-testid=\"offers-cds-iframe\" class=\"yf-1xws99g\"><\/iframe> <\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->&#8220;I am concerned about that and what we want to make sure is that markets operate properly,&#8221; Albanese told reporters.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->&#8220;We have seen those issues in the past. I want to see Australian iron ore to be able to be exported to China without hindrance.&#8221;<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->CMRG has not responded to an emailed request for comment. A BHP spokesperson said on Tuesday the company does not comment on commercial negotiations.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Albanese said he hoped the issue would be resolved quickly and acknowledged differences could happen during price negotiations.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Australian Treasurer Jim Chalmers said he would set up a meeting with BHP CEO Mike Henry.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Iron ore is Australia&#8217;s most valuable export product, though a government report in June said earnings from that could fall to A$105 billion ($69.39 billion) for the financial year ending in June 2026, from A$116 billion the prior year as global supplies increase.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->China, the world&#8217;s largest iron ore consumer, buys about 75% of global seaborne iron ore and set up CMRG three years ago to buy ore on behalf of its steelmakers to gain more leverage as a large, single buyer.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->BHP is the world&#8217;s largest listed miner and China&#8217;s third-biggest iron ore supplier behind Rio Tinto and Vale.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->($1 = 1.5131 Australian dollars)<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->(Reporting by Melanie Burton in Melbourne and Renju Jose in Sydney; Editing by Jamie Freed)<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/australia-pm-concerned-chinas-reported-000953374.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) -Australian Prime Minister Anthony Albanese said on Wednesday he was concerned about a report that China&rsquo;s state iron ore buyer<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/australia-pm-concerned-about-chinas-reported-pause-on-bhp-iron-ore-purchases\/30\/09\/2025\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":52940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"fifu_image_url":"https:\/\/media.zenfs.com\/en\/reuters.com\/2038325bb3872ff27476f481babbf1c6","_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/52939"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=52939"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/52939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/52940"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=52939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=52939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=52939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}