China Halts BHP Iron-Ore Cargoes: What It Means for ASX Miners

China Pulls the Plug on BHP Cargoes

China bans BHP iron ore cargoes in a pricing dispute as Bloomberg (via Reuters) reports that China's state buyer, China Mineral Resources Group (CMRG), has temporarily banned purchases of BHP's dollar-denominated seaborne iron-ore cargoes, escalating a pricing dispute. The move lands as the RBA holds the cash rate at 3.60%, keeping a cautious tone on inflation. For the ASX, the immediate question is how a CMRG-BHP standoff feeds through to spot prices, relative positioning vs. Rio Tinto/Fortescue, and the broader. . .