Iron Ore Rallies on Planned BHP Worker Strike

AI Summary

Iron ore futures climbed above CNY 740 per ton following announcement of an eight-hour strike by workers at BHP Group's Port Hedland terminal in Western Australia. The strike raises concerns over potential supply disruptions in iron ore exports.

Iron ore futures rose above CNY 740 per ton, extending their rebound from near one-year lows after reports that workers at BHP Group’s Port Hedland iron ore terminal in Western Australia will stage an eight-hour strike on July 16, raising concerns over potential supply disruptions. The industrial action will involve operators and maintenance workers at ...