Australian mining stocks hit over 4-month low as iron ore prices slump

Core Lithium

13/03/2024 02:37

** Australian mining stocks  .AXMM  fall as much as 0.8% to
hit their lowest level since Oct. 24 
    ** Dalian iron ore futures prices extended declines to a
five-month low on Tuesday, pressured by weak sentiment amid
subdued demand in top consumer China  IRONORE/ 
    ** Shares of Core Lithium  CXO.AX  fall up to 9.1% after co
posted dismal results and announced CEO change 
    ** CXO top loser in the mining sub-index; shares hit lowest
level since Feb. 15 
    ** Shares of top miner BHP Group  BHP.AX  fall as much as
1.1% to their lowest level since June 1
    ** AXMM down ~13% this year, as of last close versus a 1.6%
rise in benchmark index  .AXJO 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))