US Edition‘Want This Resolved Quickly’: Albanese ‘Concerned’ After China Bans Iron Import From Australian Mining Giant
China Mineral Resources Group paused BHP iron ore imports amid price negotiations, disrupting trade worth billions, while Australia calls for swift resolution to maintain exports.
- On Wednesday, Prime Minister Anthony Albanese urged China to import Australian iron ore without hindrance, expressing concern about disruption to Australia’s most lucrative export and seeking a quick resolution.
- Beijing's state buyer China Mineral Resources Group instructed domestic Chinese steelmakers and traders to suspend purchases of dollar‑denominated BHP seaborne cargo amid hardball price negotiations.
- There is confusion over exactly what has happened, with sources saying Mysteel suggested no formal order halted BHP shipments, while BHP declined to comment and CMRG did not respond.
- Treasurer Jim Chalmers will meet Mike Henry, chief executive of BHP, to discuss Chinese trade, while officials pledged to advocate calmly for Australian workers and businesses.
- Past trade barriers had cost Australian exporters up to 20 billion Australian dollars a year, and analysts say the pause reflects commercial bargaining over price rather than a return to bans.
20 Articles
20 Articles
Sydney Morning Herald
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‘Want this resolved quickly’: Albanese ‘concerned’ after China bans iron import from Australian mining giant
Australia's Prime Minister Anthony Albanese called on China to resume iron ore imports after China imports ban on Australian global mining giant BHP amid government concerns over trade disruptions
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