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China has lifted long-standing bans on purchasing the crucial steelmaking ingredient from BHP Group.
China has lifted a six-month ban on purchasing BHP Group's steelmaking ingredients.
KEY POINTS
- China Mineral Resources Group notified domestic steel mills they can now buy BHP's seaborne cargoes.
- Recent meetings between Baowu Steel Group and BHP focused on potential emissions reduction collaboration.
- BHP shares rose following the announcement, reflecting improved market sentiment.
COMPANIES
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