China’s reported BHP iron ore ban has wide-ranging ramifications. Here’s what to know

Beijing’s strategic bid to reduce prices is viewed as a commercial dispute, but Canberra could be drawn in if budget revenue takes a hitGet our breaking news email, free app or daily news podcastChina, via a state-run enterprise, has reportedly banned its steel manufacturers from buying iron ore from Australian mining giant BHP, amid a strategic bid by Beijing to reduce prices of the crucial steel-making commodity.While it is a commercial dispute, the fight has wide-ranging political ramifications, given the threat to Australia’s biggest export, valued at more than $100bn a year, and the possibility Canberra is drawn deeper into the fight. Continue reading...

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