Iron ore output edges up as glut concerns grow


Full-year guidance for its iron ore operations was kept at 255 million tonnes to 265.5 million tonnes. — Reuters

MELBOURNE: BHP Group Ltd said iron ore output in its first quarter rose 2% from the year before, as moves by major miners to ramp up production raise the spectre of over-supply.

The world’s largest miner produced 64.6 million tonnes of iron ore over the three months to the end of September, it said in a statement yesterday.

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