Australian miners hit nearly one-month high as China optimism lifts iron ore

Greatland Resources

02/04/2026 01:21

** Australian miners .AXMM rise as much as 1.3% to 8,012 points, highest since March 9

** Iron ore futures rose overnight, supported by upbeat factory data, hopes of stimulus measures in top consumer China IRONORE/

** Iperionx IPX.AX, Greatland Resources GGP.AX top gains on benchmark, adding more than 5% each

** AXMM last up 0.9%; set to clock five straight days of gains

** Index-heavyweight BHP Group BHP.AX adds 0.3%; Rio Tinto RIO.AX, Fortescue FMG.AX largely flat

** Sub-index up more than 7.8% so far this week; set for best week since late February

** YTD, AXMM up 9%

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com))