Australian miners track tepid iron ore prices, hit three-week low

South32

02/07/2026 03:18

** Shares of Australian miners .AXMM fall as much 1.1%, hitting their lowest level since June 11
** Sub-index tracks iron ore prices lower, which fell as new European Union trade barriers on steel imports darkened the demand outlook IRONORE/
** Iron ore miner Fortescue FMG.AX down 1.5%, while BHP BHP.AX falls more than 1%
** South32 S32.AX declines 3.5% 
** AXMM up 9.6% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))