CMRG
Coverage of CMRG in the Nexus archive.
- Iron Ore Advances as CMRG May Block Some Fortescue Deliveries
Iron ore prices are advancing due to potential delivery disruptions by CMRG affecting Fortescue. The article mentions a conveyor belt loading barges at a Shanghai-based iron ore transfer and storage center operated by the Shanghai International Port Group.
- China’s State Iron Buyer Courts Brazil’s CSN to Tighten Its Grip
China’s state iron-ore buyer, CMRG, is negotiating with Brazil’s CSN to become an exclusive sales agent for some of its iron-ore cargoes. CSN produced approximately 45.5 million tonnes of iron ore last year, and CMRG is shifting its focus from major suppliers to a mid-tier provider.
- Iron Ore Advances as Rising Costs Offset BHP-CMRG Resolution
Iron ore prices are rising as increased production costs counteract the resolution between BHP and CMRG. The market remains focused on supply-side challenges despite corporate agreements.
- BHP Says It Has Concluded Iron Ore Sales Negotiations With CMRG
BHP Group Ltd. announced it has concluded iron ore sales negotiations with CMRG. The company reported a first-half earnings increase of over 20%, driven by higher copper production and prices, which offset declines in its iron ore and coal segments.