Australian copper miners dip as commodity prices hit 5-week low

Capstone Copper

23/10/2026 04:11

** Australian copper stocks fall on the day, adding to the broader mining sub-index's 3.8% drop
** Prices for the red metal fell to their lowest in more than five weeks overnight as further inflows into London Metal Exchange warehouses eased some supply fears MET/L
** Shares of Sandfire Resources SFR.AX fall as much as 8.1% to their lowest in two months
** Australia-listed shares of Capstone Copper CSC.AX slip as much as 5.4% to their lowest level since April 2
** Sandfire and Capstone are down 10.8% and 13.9% for the week, respectively, in their worst moves since early March

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