Australian mining stocks hit one-week high on strong copper, iron ore prices
Australian mining stocks advanced as much as 0.8%, reaching their highest level since September 14. Copper prices rose for a fifth consecutive session, and iron ore prices edged higher amid expectations of a seasonal demand pick-up in China. Mining giants BHP Group and Rio Tinto saw gains of 0.3% and 0.4%, respectively.
8%, reaching their highest level since September 14, as copper prices climbed for a fifth straight session and iron ore prices moved higher on expectations of a seasonal pickup in demand in China. 4%. Year to date, the AXMM was up more than 14%.