Australian copper miners dip as commodity prices hit 5-week low
23/10/2026 04:11
BUZZ-Australian copper miners dip as commodity prices hit 5-week low ** Australian copper stocks fall on the day, adding to the broader mining sub-index's 3.8% drop
** Prices for the red metal fell to their lowest in more than five weeks overnight as further inflows into London Metal Exchange warehouses eased some supply fears MET/L
** Shares of Sandfire Resources SFR.AX fall as much as 8.1% to their lowest in two months
** Australia-listed shares of Capstone Copper CSC.AX slip as much as 5.4% to their lowest level since April 2
** Sandfire and Capstone are down 10.8% and 13.9% for the week, respectively, in their worst moves since early March
(Reporting by Nikita Maria Jino in Bengaluru)
Recent news on Sandfire Resources
See all newsAustralian copper stocks falls on weak commodity prices
Australian copper miners slip, tracking softer commodity prices
Jefferies upgrades Sandfire Resources to 'buy' after quarterly output beat
Australian copper miners dip as commodity prices hit 5-week low
Australian copper miners slip as easing supply worries drag on metal prices