Commodities 6 March 2026 - 24 April 2026

NEW YORK, March 24, 2026, 17:06 EDT. BHP Group shares trading in the U.S. added 56 cents, finishing Tuesday at $68.77. Traders pointed to firmer demand in India, which may offer BHP an escape for iron ore supplies tied up by a pricing standoff with China. According to Reuters, Indian iron ore imports are on track for a seven-year peak, and a shipment of BHP's Jimblebar fines—an unusual move—is reportedly en route to India.

Greatland Resources lands a spot in the S&P/ASX 100 as the Australian market opens Monday, turning the spotlight back on the gold-and-copper miner after shares slipped on Friday. S&P Dow Jones Indices confirmed the reshuffle will be in place before trading kicks off March 23. Greatland’s ASX shares last closed at A$10.11, while its London listing wrapped up the day at 507 pence. The timing isn’t ideal for Greatland: the stock is joining a top-tier Australian benchmark just as gold prices slide and investors hold out for the March-quarter Telfer mineral resource update. So, Greatland sits wedged between potential index-driven buying and a weaker gold market.

BHP Group Ltd slipped 3.47% to A$48.35 on March 19, wiping out gains from the previous day after the miner announced its new CEO. Rio Tinto dropped 3.22%, while Fortescue shed 3.35% during the session. BHP isn’t just any miner—it’s the biggest listed one out there, and iron ore still pulls in hefty profits, despite copper edging ahead in first-half numbers. Right now, investors are sizing up the leadership shift. They’re also watching China, where more of that imported ore is stacking up at ports instead of flowing to steel mills.

Rio Tinto Plc shares dropped roughly 5% to 6,322 pence late Thursday in London, as selling hit miners hard with metals prices sliding and the FTSE 100 losing ground. The stock lagged the wider UK market, which was coping with another surge in oil prices. Rio’s reliance on iron ore hasn’t changed, and that’s coming into focus as new figures from China fail to ease demand concerns. Over January and February 2026, China brought in 210.02 million metric tons of iron ore. But steel production dropped 3.6%, while inventories at ports surged to a record 166.91 million tons. The material isn’t being used—it’s piling up.

Anglo American dropped close to 8% on Thursday, with miners broadly under pressure as metals lost ground and traders readied for higher rates sticking around. According to Reuters/LSEG data, shares landed at 2,860 pence, down 7.68%, after touching a low of 2,838 pence. Anglo faces this latest hurdle just as it’s juggling a lot: the London-listed miner is pushing ahead with its $53 billion all-share deal for Teck Resources, seeking buyers for De Beers, and doubling down on copper. All this, while growth-sensitive names get tossed around by an oil shock and stronger dollar.

Rio Tinto plc shares picked up roughly 1.1% in London on Monday, making up some ground after dropping 2.63% on Friday, even though the broader mining sector lost traction. By 16:13 GMT, the stock was sitting near 6,738 pence, market data showed. Reuters pointed out that London-listed miners faced pressure as copper prices slipped. That shift matters—Rio’s days as a pure iron ore bet are over. With Middle East turmoil driving aluminium to prices not seen in four years and Brent crude stuck above $100, the group sees higher selling prices in some parts of the business, but faces a squeeze from rising mining and freight outlays everywhere else.

Shares in BHP Group Ltd closed at A$49.80 on Friday, slipping 2.3% after China raised the pressure on the company’s iron ore shipments. Reuters, late in the day, said Chinese authorities would temporarily allow steel mills to accept deliveries of Jimblebar fines—a fine-grained ore—from BHP for roughly a week. One restriction gets a brief pause, but the broader standoff remains unresolved. BHP had been a standout on the ASX after posting a half-year profit that beat forecasts, and with a dividend payout that topped expectations, the shares hit a record in February. For the first time, copper pulled ahead of iron ore in first-half operating earnings. “They smashed everyone’s expectations from a dividend perspective,” said Argo Investments portfolio manager Andy

Shares in Anglo American dropped 3.2% to finish at 3,127 pence on Monday, after JPMorgan downgraded the miner to “underweight”—signaling it now sees the stock trailing the sector. London’s FTSE 100 index slid 0.3% as oil-driven selling weighed. Over the past year, Anglo has spun off its platinum arm, cut a deal to sell nickel, and set out plans to carve out De Beers, all amid an ongoing merger process with Teck Resources. That narrows the spotlight to copper and premium iron ore—precisely as JPMorgan's stance on both has softened.