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By Sameer Manekar and Melanie Burton
(Reuters) -Global miner BHP Group reported a steeper-than-expected 32% fall in first-half profit owing to a drop in iron ore prices, sending its shares down, although it flagged a brightening outlook in China, its biggest customer.
China's strict zero-COVID-19 policy curtailed economic activity and dented demand over the past year, driving iron ore prices down from lofty levels, while miners wrestled with surging costs and a tight domestic labour market.
A...
>>> Read more: BHP upbeat on demand outlook on China reopening, first-half profit drops 32%
(Reuters) -Global miner BHP Group reported a steeper-than-expected 32% fall in first-half profit owing to a drop in iron ore prices, sending its shares down, although it flagged a brightening outlook in China, its biggest customer.
China's strict zero-COVID-19 policy curtailed economic activity and dented demand over the past year, driving iron ore prices down from lofty levels, while miners wrestled with surging costs and a tight domestic labour market.
A...
>>> Read more: BHP upbeat on demand outlook on China reopening, first-half profit drops 32%
