Australian miners slip as copper declines

BHP

20/10/2026 03:54

** Australian mining stocks .AXMM fall as much as 2.2%; weigh on broader benchmark .AXJO, which is down 0.9%
** Sub-index on track to snap two straight sessions of gains
** Copper prices fell overnight as rising inventories and the end of a strike at a major Chilean mine eased supply concerns MET/L
** Copper-focused miners BHP BHP.AX and Rio Tinto RIO.AX fall as much as 2.6% and 1.8%, respectively
** YTD, AXMM up 6.9%, including day's moves, outpacing AXJO's 0.6% rise

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))