Story perspectives

BHP Settles $93B Iron-Ore Pricing Dispute with China

4/23/2026

Summary

Story summary

BHP settled a nine-month iron-ore pricing dispute with China Mineral Resources.
BHP shares rose 1 percent on Wednesday as concerns eased.
Prime Minister Anthony Albanese urged both sides to agree.
Western Australia Premier Roger Cook said Tim Day called the talks tough and strategic.
China had unofficially banned BHP iron-ore, including Jimblebar output, during the stand-off, and pushed for yuan payments on the $93 billion export and $23 billion China-shipment dispute.

1 of 1

Story summary

BHP settled a nine-month iron-ore pricing dispute with China Mineral Resources.
BHP shares rose 1 percent on Wednesday as concerns eased.
Prime Minister Anthony Albanese urged both sides to agree.
Western Australia Premier Roger Cook said Tim Day called the talks tough and strategic.
China had unofficially banned BHP iron-ore, including Jimblebar output, during the stand-off, and pushed for yuan payments on the $93 billion export and $23 billion China-shipment dispute.