Australian miners gain most in over 2 months as copper prices rally

BHP

15/06/2026 04:33

** Australian mining stocks .AXMM surge as much as 4.4%, its biggest intraday pct gain since April 8
** Sub-index touches its highest point since June 4
** Benchmark .AXJO up 1.3%, as global equities gain after the U.S. and Iran have reached an initial agreement to end their war .AX
** Miners rise helped by rally in copper prices as the U.S.-Iran framework agreement to end their war and reopen the Strait of Hormuz lifted risk appetite MET/L
** Heavyweights BHP Group BHP.AX and Rio Tinto RIO.AX jump 3.7% and 3%, respectively
** YTD, sub-index up 21.6%, AXJO up 2.4%

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))