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BUZZ-Australian miners set for worst weekly decline in near 3-1/2 years on lower copper prices

Reuters
昨天
BUZZ-Australian miners set for worst weekly decline in near 3-1/2 years on lower copper prices

** Australian mining sub-index .AXMM falls as much as 4.3%, hitting its lowest level since February 18

** Sub-index set for worst weekly decline since early September, 2022, and on track to log fourth straight session of declines

** Sub-index tracks lower copper prices as dollar firmed and market awaited further news from smelters in the war-hit Middle East MET/L

** Major miner Rio Tinto RIO.AX down as much as 5.3% to its lowest since February 3, larger peer BHP BHP.AX down as much as 4.8%, set for its worst trading session since April 7, 2025

** Sub-index has already lost 7.9% in the month so far

** YTD, sub-index up 10.5%, including session's move

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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