Australia's mining stocks fall as weak iron ore prices weigh

Fortescue

24/06/2026 01:54

** Australia's mining stocks .AXMM fall as much as 1.5%, set for its fifth consecutive session of losses, if the trend holds
** Sub-index at its lowest level since June 12
** Iron ore prices fell to multi-month lows on Tuesday, weighed down by prospects of rising shipments from major suppliers IRONORE/
** Shares of mining majors BHP BHP.AX, Rio Tinto RIO.AX and Fortescue FMG.AX were down between 0.4% and 3.3%
** Sub-index has risen 12.8% this year, including session moves

(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))