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China's state iron ore buyer told some domestic steelmakers on Tuesday that they could buy cargoes from BHP.
China's state iron ore buyer has allowed domestic steelmakers to buy BHP iron ore cargoes.
KEY POINTS
- BHP's iron ore cargoes had been piling up at Chinese ports due to a previous trading ban.
- Last week, BHP and China Mineral Resources Group concluded contract negotiations.
- This move follows months of dispute between BHP and Chinese authorities over iron ore trade.
COMPANIES
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