The labor union has announced that it will carry out a strike.

The Australian Workers' Union, which represents port workers in Australia, announced on July 8 that it will hold a strike on the 16th at BHP Group Ltd's iron ore export terminals, demanding improved working conditions including wage increases. Iron ore is Australia's largest export commodity, and the strike is expected to cost BHP approximately AUD 120 million in daily revenue.

Fisco JapanJul 13 11:09

BHP Group Ltd port workers plan to strike, potentially disrupting operations at the world's largest iron ore export terminal.

① Hundreds of workers at Port Hedland are scheduled to stage an eight-hour work stoppage from 2 p.m. to 10 p.m. on July 16; ② BHP Group Ltd stated: "A robust iron ore industry is in the interest of all Australians. We look forward to continuing constructive negotiations to reach a fair agreement while ensuring the safety and stability of our operations."

cls.cnJul 8 16:59

CITIC Securities: Supply disruptions in copper mines re-emerge, with annual production forecasts officially entering a decline.

As Freeport once again postponed the resumption of its Indonesia project and comprehensively lowered its production guidance for 2026-27, global major copper mining enterprises’ production expectations for 2026 have officially entered a decline. Additionally, the potential impact of subsequent extreme weather may lead to an expansion of supply disruptions. CITIC Securities anticipates that the recent unexpected destocking in China, reflecting robust supply-demand logic, along with easing macroeconomic pressures, will drive copper prices to stabilize above USD 13,000 per ton in Q2 2026. Amid expectations of a supply-demand imbalance, copper prices are likely to test previous highs. CITIC Securities highlights the investment opportunity in the copper sector driven by the synergy of profit elasticity and valuation upside. Copper supply disruptions re-emerge, leading to a formal reduction in annual production forecasts.

CITIC Securities ResearchMay 12 10:49

Has uncertainty become the new normal for the world? Business executives are increasingly concerned about these 'seven major issues'...

① In the past decade, business leaders have faced a new normal characterized by war, inflation, artificial intelligence (AI), and supply chain disruptions; ② Over 30 chief executives, corporate senior managers, and industry pioneers interviewed pointed out that they perceive uncertainty as having become structural, summarizing it into 'seven major concerns.'

cls.cnApr 27 16:14

Not Just Fertilizers! The 'Sulfur Shortage' is Triggering a Chain Crisis – Will Copper and Nickel Supply Become the Worst Hit?

① In the past few weeks, the turmoil in the global aluminum market triggered by the Iran war has frequently appeared in media reports. Now, its impact is further spreading to the supply chains of two other major industrial metals, copper and nickel; ② The transmission medium of this chain reaction is sulfur—a byproduct of the petroleum and natural gas industries in the Gulf region. Since the closure of the Strait of Hormuz on February 28, a significant portion of its supply has effectively been cut off.

cls.cnApr 20 14:35

Singapore's three major banks attracted $610 billion in capital last year due to the continuous inflow of funds from Asian tycoons.

Last year, Singapore's three largest banks collectively attracted a net inflow of 77 billion Singapore dollars (approximately 61 billion US dollars or 236.76 billion Malaysian ringgit) in new wealth funds.

Zhitong FinanceMar 11 14:53