Treasurer Jim Chalmers will meet with the boss of BHP amid a shock report that the world’s largest mining company faces a Chinese blockade on its iron ore shipments.

Beijing’s state iron ore buyer has told steelmakers to pause imports of BHP ore, amid hardball negotiations over the price of the crucial resource, Bloomberg reported on Tuesday.

Chalmers said the reports were “concerning” but ultimately a matter for the company to work through.

“I’ll have discussions with [BHP chief executive] Mike Henry about that in due course, when we can set that up,” he told reporters in Brisbane on Wednesday.

Anthony Albanese said he was also “concerned” about the report.

“What we want to make sure is that markets operate properly. And of course, we have seen those issues in the past,” the prim

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