BHP Group reported a 2% year-on-year increase in iron ore production for the first quarter of the 2024/2025 fiscal year, totaling 64.6 million tons. However, this represents a 7% decline compared to the previous quarter due to planned equipment maintenance and ongoing railway technology program work. The company maintains its production forecast for the fiscal year at 255 to 265.5 million tons. BHP's CEO, Mike Henry, noted China's recent economic stimulus measures aimed at stabilizing the property market and boosting business confidence, which may positively impact future demand. Other major miners, Rio Tinto and Vale, also reported increased iron ore production in the third quarter despite weak demand from China.