Australian miners hit 9-month high on strong iron ore prices

Ioneer

16/01/2023 24:57

** Australian miners  .AXMM  add 0.4%, extending gains for a
fourth straight session 
    ** The sub-index hits its highest since April 2022; gained
nearly 4% last week 
    ** Iron ore futures hit a 17-month high on Friday on
continued optimism about demand prospects in top steel producer
China  IRONORE/ 
    ** Sector majors BHP Group  BHP.AX  and Rio Tinto  RIO.AX 
added over 0.2% each 
    ** ASX-listed shares of lithium producer ioneer  INR.AX 
soared as much as nearly 30% and was the top gainer on the
sub-index
    ** AXMM jumped nearly 7.4% in 2022
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))