0208 GMT - The price BHP got for its iron ore in 1H disappoints, falling more than rival Rio Tinto, Jefferies analysts say. "While BHP operated relatively well at WAIO in the first half of its fiscal year, the decline in its average realized iron ore price from US$103.70/wet metric ton in 1H24 to US$81.11/ton in 1H25 was greater than we had expected," the analysts say in a note. Even as rival Rio Tinto sold significantly more of its low-grade SP10 ore, its average price only went from US$100.80/ton to US$82.50/ton over the same period, the analysts say. BHP is up 0.6% at A$40.47.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 20, 2025 21:08 ET (02:08 GMT)
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