BUZZ-Aussie miners clock best session in 1 week on upbeat iron ore prices

Reuters
06 Nov 2024

** Australian mining stocks jump as much as 1.2%, marking their biggest intra-day pct jump since Oct. 30

** The sub-index snaps from a two-day losing streak

** Iron ore futures rose overnight on growing optimism over further stimulus from top consumer China

** Shares of top miners BHP Group and Rio Tinto

rose up to 1.3% and 1.5%, respectively

** Capstone Copper , Alcoa Corp and Syrah Resources top gainers on the sub-index, adding between 0.2% and 0.6%

** AXMM is down 11.5% YTD, including current session's moves

(Reporting by Roushni Nair in Bengaluru)

((Roushni.Nair@thomsonreuters.com))

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