Australia's Miners Poised For Further Gains -- Market Talk
Dow Jones
Nov 03
0135 GMT - ASX-listed miners could be headed for more gains, fueled by lower interest rates and a weaker U.S. dollar, says Morgan Stanley analyst Rahul Anand. Iron-ore prices are also holding above consensus estimates, a tailwind for the stocks, Anand says in a note. MS prefers BHP over Rio Tinto, he says. Mineral Resources is the bank's top iron ore pick, he adds. For base metals exposure, MS likes South32, while for metallurgical coal, Anand highlights Whitehaven. The S&P/ASX 200 materials index is down 0.5% at 19,532.2, but is 21% higher year to date. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
November 02, 2025 20:35 ET (01:35 GMT)
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