Aussie miners set for best gains in 8 months on China stimulus boost

Elevra Lithium

25/07/2023 06:53

** Australian mining stocks  .AXMM  jump as much as 3.7%,
set to mark biggest gain since Nov 14, if gains hold 
    ** Shares track iron ore futures higher as China's latest
pledge to step up policy support for its flagging economy lifted
sentiment  IRONORE/ 
    ** Heavyweight Rio Tinto  RIO.AX  jumps 3.5% to gain most
since Dec 5
    ** World's largest listed miner BHP Group  BHP.AX  advances
3.9% and is on track for biggest pct gain in 8 months 
    ** Sayona Mining  SYA.AX  and Pilbara Minerals  PLS.AX  add
5% and 5.1% each 
    ** The sub-index hits highest level since July 17
    ** Stock up 0.5% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))