Australian miners at over 2-month high on strong commodity prices

Pacific Nickel Mines

25/11/2021 01:17

** Australian mining stocks  .AXMM  rise as much as 1.5% to
be the best performers in the broader benchmark ASX 200 index
 .AXJO  
    ** Iron ore and copper prices firmed after China announced
measures to support its property sector  IRONORE/ [MET/L}
    ** AXMM hits its highest level since Sept 17
    ** Investor Deterra Royalties Ltd  DRR.AX  was the biggest
percentage gainer in the sub-index, followed by Nickel Mines
 NIC.AX , up 5.1% and 4.2%, respectively
    ** Sector heavyweights BHP Group  BHP.AX , Rio Tinto
 RIO.AX  and Fortescue Metals  FMG.AX  climb between 1.4% and 3%
    ** AXMM down 2.4% this year, as of last close, compared with
a 12.3% increase in the ASX 200 index

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))