Australian miners down as iron ore prices fall

BHP

18/05/2026 01:47

** Shares of Australian miners .AXMM fall as much as 2.5%, their lowest level since May 8

** Stock set for third consecutive session of losses

** Sub-index tracks iron ore prices lower, which fell for its fourth straight session on Friday, weighed down by high port-side inventories in China

** Mining giant BHP Group BHP.AX sheds 2.5%, while iron ore miner Rio Tinto RIO.AX lost over 2%

** AXMM up 14% this year, including the day's move

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))