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China has ended its ban on purchasing iron ore from BHP Group.
China has lifted its ban on purchasing iron ore from BHP Group.
KEY POINTS
- China Mineral Resources Group notified domestic steel mills they can now buy BHP's seaborne cargoes.
- The ban's end follows negotiations and a recent visit by BHP executives to China.
- Resuming BHP iron ore purchases may impact supply and pricing dynamics for Chinese steelmakers.
COMPANIES
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