Reported about 11 hours ago
BHP Group's Chair, Ross McEwan, stated that the company is engaged in lengthy commercial negotiations with China's state-run iron ore buyer, a process that has historically taken up to six months. While there have been recent disruptions in purchases, particularly in dollar-denominated cargoes, McEwan emphasized the strength of their longstanding relationship with China and indicated that less than 10% of their sales occur in currencies other than the US dollar, with some transactions conducted in renminbi for local sales.
Source: YAHOO