Australian coal miners rise on upbeat commodity pricing

Whitehaven Coal

11/08/2026 05:22

** Australian coal stocks rise, propping up energy sub-index's .AXEJ 3.5% advance
** Prices of coking coal, a key steelmaking ingredient, rose 1.2%, in line with higher iron ore prices on tighter short-term supply and firmer freight costs IRONORE/
** Whitehaven Coal WHC.AX, Australia's top independent coal miner, rises as much as 3.5% to A$7.75, highest since July 24
** Yancoal Australia YAL.AX up as much as 4% to late July high of $5.99
** New Hope NHC.AX gains as much as 3.6% to A$5.49, highest since July 31
** AXEJ up 28.4% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))