Australian copper miners slip, tracking softer commodity prices
30/10/2026 03:49
BUZZ-Australian copper miners slip, tracking softer commodity prices ** Australian copper stocks fall on the day, adding to the broader mining sub-index's .AXMM 0.8% decline
** Prices for the red metal fell from two-week highs overnight as investors remained wary of high US inventories and cautious over the level of AI-related demand MET/L
** Shares of Sandfire Resources SFR.AX fall as much as 1.7% to A$19.92; still set for 9% weekly gain
** Australia-listed shares of Capstone Copper CSC.AX slip as much as 1.8% to A$11.81, though still on track for 6.5% gain on the week
** Capstone on pace to snap four straight weeks of losses
(Reporting by Nikita Maria Jino in Bengaluru)
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