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Business·24.04.2026Resumen IA
BHP agrees yuan-linked iron ore pricing with China in market first
BHP has concluded iron ore sales contract negotiations with China Mineral Resources Group (CMRG) using yuan-linked pricing for Jimblebar fines, marking the first time China's market trading data is incorporated into the iron ore pricing formula. The agreement represents a paradigm shift in pricing benchmarks and strengthens China's pricing influence in the global iron ore market.
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SCMP Economy