What the news says
Port Hedland is the world's largest iron ore export port; a strike, even for eight hours, could disrupt supply chains and affect global iron ore market sentiment, especially given the backdrop of more than six months of unsuccessful negotiations.
07/08, 10:10 AM
Unions at BHP Group's Port Hedland iron ore export terminal in Western Australia have called an eight-hour strike on July 16 after failing to reach an agreement in over six months of talks.
Unions at BHP Group's Port Hedland iron ore export terminal in Western Australia have called an eight-hour strike on July 16 after failing to reach an agreement in over six months of talks.
Affected assets
bloomberg-markets
07/08, 10:10 AM
Related updates
FirstSquawk · 07/16, 06:37 AM
Market reactionBHP reported Q4 iron ore output fell 3% year-on-year to 68.1 million tons, while copper production dropped 5% to 491,900 tons due to lower ore grades; full-year iron ore output reached a record 264.7 million tons.