Could Rio Tinto, BHP Ally to Defend Iron-Ore Pricing Power? -- Market Talk

Dow Jones

10/20

The newfound influence of state-backed iron-ore buyer China Mineral Resources Group "may have unintentionally reopened the strategic logic" for some cooperation between miners Rio Tinto and BHP in Australia's Pilbara, RBC Capital Markets analyst Kaan Peker says in a note. "Once unthinkable, now potentially pragmatic," Rio and BHP could consider a "narrowly structured and compliance-driven" alliance to protect their power in iron-ore supply negotiations, Peker says. CMRG, formed three years ago, today coordinates procurement for more than 85% of China's steel capacity. Peker reckons a "JV-light" approach focused on logistics, blending and decarbonization "could dilute the CMRG's influence, defend the Pilbara premium and maintain control over benchmark price formation." It could also have margin and capital expenditure benefits, he adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

October 19, 2025 19:09 ET (23:09 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求，你需要登录查看该内容

登录 / 注册

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2576004385"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2576004385\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2576004385?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-20 07:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2576004385","market":"sg","top_or_hot":-1,"title":"Could Rio Tinto, BHP Ally to Defend Iron-Ore Pricing Power? -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  The newfound influence of state-backed iron-ore buyer China Mineral Resources Group \"may have unintentionally reopened the strategic logic\" for some cooperation between miners <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> and BHP in Australia's Pilbara, RBC Capital Markets analyst Kaan Peker says in a note. \"Once unthinkable, now potentially pragmatic,\" Rio and BHP could consider a \"narrowly structured and compliance-driven\" alliance to protect their power in iron-ore supply negotiations, Peker says. CMRG, formed three years ago, today coordinates procurement for more than 85% of China's steel capacity. Peker reckons a \"JV-light\" approach focused on logistics, blending and decarbonization \"could dilute the CMRG's influence, defend the Pilbara premium and maintain control over benchmark price formation.\" It could also have margin and capital expenditure benefits, he adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 19, 2025 19:09 ET (23:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could Rio Tinto, BHP Ally to Defend Iron-Ore Pricing Power? -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould Rio Tinto, BHP Ally to Defend Iron-Ore Pricing Power? -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-20 07:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  The newfound influence of state-backed iron-ore buyer China Mineral Resources Group \"may have unintentionally reopened the strategic logic\" for some cooperation between miners <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> and BHP in Australia's Pilbara, RBC Capital Markets analyst Kaan Peker says in a note. \"Once unthinkable, now potentially pragmatic,\" Rio and BHP could consider a \"narrowly structured and compliance-driven\" alliance to protect their power in iron-ore supply negotiations, Peker says. CMRG, formed three years ago, today coordinates procurement for more than 85% of China's steel capacity. Peker reckons a \"JV-light\" approach focused on logistics, blending and decarbonization \"could dilute the CMRG's influence, defend the Pilbara premium and maintain control over benchmark price formation.\" It could also have margin and capital expenditure benefits, he adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 19, 2025 19:09 ET (23:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索罗斯持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2576004385","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576004385","pubTimestamp":1760915340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The newfound influence of state-backed iron-ore buyer China Mineral Resources Group \"may have unintentionally reopened the strategic logic\" for some cooperation between miners Rio Tinto and BHP in Australia's Pilbara, RBC Capital Markets analyst Kaan Peker says in a note. \"Once unthinkable, now potentially pragmatic,\" Rio and BHP could consider a \"narrowly structured and compliance-driven\" alliance to protect their power in iron-ore supply negotiations, Peker says. CMRG, formed three years ago, today coordinates procurement for more than 85% of China's steel capacity. Peker reckons a \"JV-light\" approach focused on logistics, blending and decarbonization \"could dilute the CMRG's influence, defend the Pilbara premium and maintain control over benchmark price formation.\" It could also have margin and capital expenditure benefits, he adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","BK4168":"多种金属与采矿","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","ALLY":"Ally Financial Inc.","RIO.AU":"力拓","BK4585":"ETF&股票定投概念","BK7507":"资源股","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","BK7095":"多种金属与采矿","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","BHP.AU":"BHP GROUP LTD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","RIO":"力拓","BK7511":"ESG概念","BK4559":"巴菲特持仓","BK4166":"消费信贷","BK4588":"碎股","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","PW":"Power REIT","LU0106831901.USD":"贝莱德世界金融基金A2","BHP":"必和必拓公司"},"translate_title":"力拓和必和必拓能否结盟捍卫铁矿石定价权？——市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO":0.9,"PW":1.5,"ALLY":1.5,"RIO.AU":0.9,"BHP":1.5,"BHP.AU":0.9},"content_text":"The newfound influence of state-backed iron-ore buyer China Mineral Resources Group \"may have unintentionally reopened the strategic logic\" for some cooperation between miners Rio Tinto and BHP in Australia's Pilbara, RBC Capital Markets analyst Kaan Peker says in a note. \"Once unthinkable, now potentially pragmatic,\" Rio and BHP could consider a \"narrowly structured and compliance-driven\" alliance to protect their power in iron-ore supply negotiations, Peker says. CMRG, formed three years ago, today coordinates procurement for more than 85% of China's steel capacity. Peker reckons a \"JV-light\" approach focused on logistics, blending and decarbonization \"could dilute the CMRG's influence, defend the Pilbara premium and maintain control over benchmark price formation.\" It could also have margin and capital expenditure benefits, he adds. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 19, 2025 19:09 ET (23:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}