Aussie miners extend gains on soaring overnight iron ore prices

Imdex

30/11/2022 03:55

** The Australian miners index  .AXMM  jumps up to 1.7% in
second session of gains
    ** The sub-index hits its highest level since Nov.14
    ** AXMM rises on the back of overnight gains in iron ore
future, propped by top steel producer China's moves to ramp up
support for struggling property developers  IRONORE/ 
    ** Sector majors Rio Tinto  RIO.AX  and BHP  BHP.AX  climbed
2.1% and 1.9% respectively 
    ** Mining tech co Imdex  IMD.AX  soared nearly 7% and was
the top gainer on the sub-index
    ** Stock up 6.6% so far this year, as of last close 
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))