Prolonged negotiations highlighted Beijing’s push to cut steelmaking input prices
A truck works at a BHP iron ore mine in Western Australia. Exports of the steelmaking material are key to the nation’s economy. © BHP
CANBERRA — Australia’s BHP, the world’s largest listed miner, has reached a deal on iron ore supplies to China Mineral Resources Group, ending a monthslong standoff seen as part of a broader push by Beijing to exert more leverage over the price of the key steelmaking ingredient.