Australian miners climb as metal prices surge; Rio Tinto hits record high

DEEP YELLOW

05/01/2026 02:46

** Australian mining stocks .AXMM gain 1.5%; set for best day since December 22

** Benchmark LME three-month tin contract CMSN3 rises more than 5%; Shanghai's most active aluminium contract SAFcv1 hits highest since October 2021 MET/L

** Benchmark LME three-month copper CMCU3 rises 3.28%

** Gold prices up more than 1% on safe-haven demand following U.S. action in Venezuela GOL/

** Rio Tinto RIO.AX rises as much as 1.7% to record high of A$150.14

** BHP BHP.AX gains as much as 1.6% to A$46.48, highest since February 19, 2024

** Deep Yellow DYL.AX climbs 4.4% to A$2.03, highest since October 2025

** AXMM jumped 39.1% in 2025

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))