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BHP maintains optimism on iron ore

22 Oct 2025 16:35 reported by Munsey

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Despite a slowdown in China and a slight miss in its first-quarter iron ore output, BHP Group remains optimistic about the commodity's demand. 

BHP's CEO Mike Henry emphasized that overall macro-economic signals for commodity demand remain resilient and global growth forecasts are moving higher. The company's output was affected by maintenance works at Port Hedland, including the rebuild of Car Dumper 3, which reduced volumes but was completed ahead of schedule. 

BHP maintained its Western Australia iron ore production forecast for fiscal 2026 at between 284 million metric tonnes and 296 million metric tonnes. 

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