03:01 PM EDT, 10/09/2025 (MT Newswires) -- BHP Group ( BHP ) is caught in a price standoff with China state-run iron ore buyer China Mineral Resources Group, which could stretch into early 2026 as negotiations remain at an impasse, Bloomberg reported Thursday, citing people close to the matter.

BHP's shipments are mostly unaffected so far, however, China Mineral's restrictions on new purchases could impact January delivery sales, set to begin next month, according to the report.

CMRG is urging buyers to halt new BHP cargoes, signaling a tougher stance in negotiating long-term contracts and pricing concessions, Bloomberg said.

BHP Group ( BHP ) and China Mineral Resources did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 55.71, Change: -0.35, Percent Change: -0.62