Australian miners rise as copper prices gain
29/05/2026 02:09
BUZZ-Australian miners rise as copper prices gain ** Australian mining stocks .AXMM rise as much as 2.6%, biggest intraday pct gain since May 21
** Sub-index set for its best week since early May, if current trend holds
** Benchmark .AXJO up as much as 0.7%
** Metal stocks rise on the back of a rebound in copper prices after a report that states the U.S. and Iran have reached a deal to extend their ceasefire MET/L
** Mining giants BHP Group BHP.AX and Rio Tinto RIO.AX jump 1.8% and 1.2%, respectively
** YTD, AXMM up 18.2%, AXJO broadly flat
(Reporting by Aamir Sheik Khalid in Bengaluru)
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