A major shift is underway in the global iron ore trade, and it’s one that could ripple across Australia’s mining and infrastructure sectors.  In 2025, BHP , one of Australia’s biggest miners, entered high-stakes negotiations with China Mineral Resources Group (CMRG) , China’s state-backed iron ore buyer. At the centre of discussions are three key issues: pricing, trade terms, and currency settlement .  What’s Going On?  CMRG was set up by China to consolidate its iron ore pur