Australian mining giants tumble as copper dips on uncertainty over US tariffs

Rio Tinto

11/09/2026 01:17

** Australian heavyweight miners .AXMM down over 4%; mining sub-index set for weekly loss of 3.9%
** Copper prices fall after Reuters reported the White House was yet to decide on refined copper tariffs amid concerns over higher prices and manufacturing cost impact MET/L
** World's top miner BHP BHP.AX sheds as much as 4.1% to A$60.79, headed for a 2.5% weekly drop
** Rio Tinto RIO.AX sheds 3% to A$169.3; pure-play copper producer Sandfire Resources SFR.AX plunges as much as 8.3%, biggest intra-day pct loss since June 9
** YTD, AXMM up 14.5%

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))