BHP Shares Rise 3.5% as China Relaxes

BHP Group Ltd shares surged up to 3.5% to A$56.41 after Bloomberg reported China easing restrictions on some iron ore cargoes.
The easing could resolve a months‑long dispute after China blocked BHP ore purchases in 2025 over quality concerns and price demands.
BHP switched 30% of iron ore trade to yuan settlements in late‑2025, and incoming CEO Brandon Craig met Chinese officials in Beijing.
Iron ore accounts for nearly 60% of Australia’s exports to China, making the dispute significant for the Australian economy and ASX 200.