ICYMI – China bans all BHP iron ore cargoes as pricing dispute escalates | investingLive
China’s state-owned iron ore buyer has directed major steelmakers and traders to temporarily halt purchases of U.S. dollar–denominated seaborne cargoes from BHP, Bloomberg reported, citing people familiar with the matter. BHP shares slipped after the report, which was indirectly acknowledged by Australia’s prime minister, who said he hoped a contract pricing dispute would be resolved…