Australian miners jump most in nearly two weeks on strong commodity prices

Jupiter Energy

12/09/2022 02:28

** Australian miners' sub-index  .AXMM  jumps as much as
2.4%, set to mark best day since Aug. 31, if gains hold
    ** Dalian iron ore future rose to two-week highs after top
steel producer China announced more steps to revive its COVID-19
battered economy  IRONORE/ 
    ** BHP  BHP.AX  climbed up to 3.3% clocking its biggest
intraday gain since Aug. 16, Rio Tinto  RIO.AX  advanced 2.1%
hitting its highest since Aug. 30
    ** Fortescue Metals Group  FMG.AX  gains as much as 3.7% -
the highest since Aug. 31
    ** AXMM is down ~3.8% this year as of last close     


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))