Australian miners hit over 2-week low on weak iron ore prices

Fortescue

09/06/2026 01:26

** Australian miners .AXMM fall as much as 4.1%, its lowest level since May 21
** Sub-index on track to mark its third consecutive session of losses, if the trend holds
** Iron ore prices dipped on Monday, as high portside inventories and compressed steel mill margins weighed on prices IRONORE/
** Mining majors BHP Group BHP.AX, Rio Tinto RIO.AX and Fortescue FMG.AX all down over 3%
** Sub-index has risen 11.3% this year, including session's moves

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