Iron Ore Slides After Incoming BHP Chief Sighted in Beijing

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Stockpiles of iron ore at a port in Ningbo, China.Iron ore slid to its lowest in a month after a report that BHP Group’s incoming chief executive officer had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining giant and its main customer are thawing. BHP and China’s state-backed iron ore buyer have been locked in a dispute over pricing for months. A resolution to that quarrel could see restrictions on BHP cargoes lifted, expanding supply of the key steelmaking material including ore currently tied up at ports.