Australia’s major iron ore export ports in northwest Australia remained closed on Monday as Tropical Cyclone Sean strengthened into a Category 3 storm overnight, Paul-Alain Hunt of Bloomberg reports. The Pilbara Ports Authority closed Port Hedland and the ports of Dampier, Ashburton, Varanus Island, and Cape Preston West. The ports handle significant volumes of iron ore from minors including BHP Group (BHP), Rio Tinto (RIO), and Fortescue (FSUGY) as well as liquefied natural gas cargoes from Woodside Energy (WDS) and Chevron (CVX).
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