BHP Shifts to Yuan-Based Index for Chinese Iron Ore Sales in Landmark Deal

BHP Group, the world’s largest miner by market value, has agreed to use a yuan-based spot index for pricing some of its iron ore sales to China, marking a significant shift in how the commodity is traded with its biggest customer. The preliminary deal with China Mineral Resources Group (CMRG), a state-backed buyer, includes an […] The post BHP Shifts to Yuan-Based Index for Chinese Iron Ore Sales in Landmark Deal appeared first on the deep dive.