Aussie mining stocks slip on weak commodity prices

Sims

11/09/2023 03:20

** Australian mining subindex  .AXMM  fall as much as 0.9%
to hit their lowest levels since Aug. 17 
    ** Iron ore futures fell on Friday after China's state
planner pledged to step up regulatory oversight of the market
 IRONORE/ 
    ** Copper prices slipped on Friday, driven by a strong
dollar and patchy data from major economies including top metals
consumer China  MET/L 
    ** ASX-listed Sims Ltd  SGM.AX  dip as much as 14.7%,
posting its biggest intraday fall since Oct 28, 2019 and making
it one of the biggest laggards on the sub-index
    ** AXMM up 17.9% YTD as of last close 
    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))