Aussie miners clock best session in 1 week on upbeat iron ore prices

Syrah Resources

06/11/2024 01:20

** Australian mining stocks  .AXMM  jump as much as 1.2%,
marking their biggest intra-day pct jump since Oct. 30 
    ** The sub-index snaps from a two-day losing streak 
    ** Iron ore futures rose overnight on growing optimism over
further stimulus from top consumer China  IRONORE/ 
    ** Shares of top miners BHP Group  BHP.AX  and Rio Tinto
 RIO.AX  rose up to 1.3% and 1.5%, respectively
    ** Capstone Copper  CSC.AX , Alcoa Corp  AAI.AX  and Syrah
Resources  SYR.AX  top gainers on the sub-index, adding between
0.2% and 0.6%
    ** AXMM is down 11.5% YTD, including current session's moves

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com))