Aussie miners jump most in 2 weeks as iron ore climbs on China stimulus

Vulcan Energy Resources

14/10/2024 05:23

** Australian mining stocks  .AXMM  rise as much as 2.5% to
5862.7 points, their biggest intraday pct gain since Sept 27
    ** Shares of Vulcan Energy Resources  VUL.AX  and Chalice
Mining  CHN.AX  top gainers in the sub-index, each up over 5%
    ** Iron ore futures surged on further fiscal stimulus
announcements from top consumer China in a key press conference
on Saturday  IRONORE/ 
    ** AXMM stock hits highest level since Oct 8 
    ** Top miners BHP Group  BHP.AX , Fortescue  FMG.AX  and Rio
Tinto  RIO.AX  gain between 1% and 4%, respectively 
    ** Sub-index has fallen 10.1% YTD, including current
session's moves 

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