The BHP Group Ltd (ASX: BHP) share price is having a rough session on Thursday.
At the time of writing, the mining giant’s shares are down over 3% to $62.71.
That is a meaningful move for a business of BHP’s size, particularly after the stock has had such a strong run recently.
So, what is going on?
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Iron ore concerns are weighing on sentiment
The weakness appears to be linked to concerns about the iron ore market.
Iron ore remains a major earnings driver for BHP, so anything that changes the supply outlook can quickly affect investor sentiment toward the stock.
The latest concern is coming from Africa, where exports from Guinea’s giant Simandou iron ore project have surged.
According to Bloomberg, shipments…
