Australian miners rise to 1-week high on copper price gains
Australian miners rose as much as 1%, their highest level since Sept. 30, on firmer copper prices. The sub-index is on course for a third consecutive session of gains. Heavyweight miners BHP Group and Rio Tinto rose above 0.5% each.
Australian miners climbed as much as 1%, reaching their highest level since September 30, with the sub-index on track for a third straight session of gains if the current trend continues. The advance came as firmer copper prices, fading expectations of a US interest-rate increase and rising prospects of mine strikes in Chile outweighed pressure from a stronger dollar. 5%. Year to date, the AXMM sub-index is up more than 14%.