BHP

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BHP Group is considering the possibility of increasing iron ore production

Plans are based on expectations of growth in demand for raw materials and the course for decarbonization

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BHP and China’s HBIS will jointly test carbon capture

The latest cooperation agreement provides for investments in the amount of up to $15 million over three years

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BHP increased iron ore production by 2% y/y in the first half of the 2022/2023 financial year

The company expects that in 2023 China will become a stabilizing force in the raw materials market

BHP raised its long-term forecast for global steel consumption

The company associates the forecasts with the decarbonization of electricity production

BHP’s profits hit an 11-year record on rising coal prices

The company's profit was $21.3 billion, EBITDA was $40.6 billion

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China to increase iron ore imports with centralized purchases – FT

The government wants to increase its influence on pricing and increase domestic production