BHP reported Q3 iron ore output of 69.8 million tonnes, a 3% YoY increase but 10% lower than the previous quarter.
The miner kept its annual iron ore guidance at 284‑296 million tonnes despite cyclone‑related shipment disruptions at Port Hedland.
BHP finalized iron ore sales talks with China Mineral Resources Group, ending a months‑long commercial dispute and confirming additional purchases.
Iron ore realized price fell 2% to $84.91/wet tonne, while copper output dropped 7% YoY but price rose 29% to $5.47/lb.