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BHP cuts iron ore guidance

BHP’s March quarter iron ore production has come in well below expectation, leading the company to reduce full-year guidance.

BHP cuts iron ore guidance

Iron ore shipments for the quarter were 58 million tonnes, up 8% year-on-year, but down by 6% quarter-on-quarter. UBS had forecast a strong rise in shipments to 68Mt, with BHP even missing RBC Capital...

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