Iron Ore Firms on Supply Concerns

AI Summary

Iron ore futures prices remain strong near one-month highs driven by global supply concerns. Australian mining giant BHP reported a 3% decline in quarterly iron ore output as it shifts focus to copper expansion projects.

Iron ore futures held above CNY 750 per ton, hovering near one-month highs amid growing concerns over tightening global supplies. Australian mining giant BHP Group reported a 3% year-on-year decline in iron ore production to 68.1 million tons in the three months to June, as the company continued to prioritize expansion projects in copper and ...