Australian miners set for best session since mid-August as iron ore prices rebound

BHP

16/10/2026 05:44

** Australian miners .AXMM gain 3.3%; on track for their biggest gain since August 20, if trend holds
** Iron ore prices rebound, supported by dip buying amid signs of improving steel margins and downstream consumption in top consumer China IRONORE/
** Major miners BHP BHP.AX and Rio Tinto RIO.AX up 3.5% and 1.4%, respectively
** Sub-index up 8.5% YTD, but set for seventh straight week of losses

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((keshav.singhchundawat@thomsonreuters.com))