Australian miners hit two-month high as Dalian iron ore futures gains

BHP

07/05/2026 06:16

** Australian miners .AXMM gain as much as 3.5%, hitting their highest level since March 4

** Benchmark S&P/ASX 200 index .AXJO up 0.8%

** Most-traded September iron ore contract on Dalian Commodity Exchange DCIOcv1 extended gains to a fourth day, supported by steady demand as hot metal production held at elevated levels IRONORE/

** Rio Tinto RIO.AX advances 2.7%, BHP BHP.AX adds 3.3%

** YTD, sub-index up 15.6% vs benchmark's 1.7% gain

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))