Australian miners gain after copper prices hit over two-month high

Rio Tinto

05/08/2026 01:35

** Australian miners .AXMM rise as much as 2.5%, their highest level since July 6
** The sub-index on course for fourth consecutive session of gains, if current trend holds
** Miners rise on the back of rise in copper prices, which hit their highest point in more than two months on dwindling inventories outside the U.S. MET/L
** Mining giants BHP Group BHP.AX and Rio Tinto RIO.AX rise more than 1.5% each
** YTD, sub-index up 13.1%

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))