Workers at BHP’s Port Hedland iron ore terminal in Western Australia plan an eight‑hour strike on July 16, involving operators and maintenance personnel. Iron ore futures rose above CNY 740 per ton, extending a rebound from near one‑year lows, on concerns that the stoppage at the world’s largest iron ore export hub could disrupt supply. Port Hedland shipped 51 million tons in May and a record 575 million tons last year, overwhelmingly to China, while state‑backed China Mineral Resources Group recently widened restrictions on Fortescue Ltd.