China moves to restrict some Fortescue iron ore cargoes
China's state iron ore buyer, China Mineral Resources Group, restricted some domestic mills from taking delivery of Fortescue's lower-grade iron ore, effective July 15. The move is part of Beijing's efforts to gain control over the iron ore market, affecting major shipments to China. Fortescue is currently negotiating supply terms.
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Published 02 Jul 2026, 02:38 UTC · Updated 02 Jul 2026, 02:40 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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