BHP sells iron ore at weakest price in four years amid quality fears
BHP’s flagship iron ore division has reported its weakest prices in more than four years, with the markets fearing the country’s largest mining company is facing similar quality issues challenging its rival Rio Tinto.
BHP’s average received price in the September quarter was between 5 per cent and 8 per cent weaker than analysts had expected, and RBC analyst Kaan Peker said the result could trigger downgrades to earnings forecasts.
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