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BUZZ-Aussie miners lose most in about 2 weeks as iron ore takes breather

ReutersJan 22, 2025 4:38 AM

Australian miners .AXMM fall 1.3% to 5462.7

Miners have snapped a six-day winning streak to drop most since Jan 6

Underlying iron ore prices ease from their nine-day rally on concerns over U.S. President Donald Trump potentially imposing higher tariffs on top consumer China IRONORE/

BHP BHP.AX, the world's largest listed miner, led the losses, dropping 2.1% to A$39.755, most since Jan 6, while smaller rival Fortescue FMG.AX falls 1.7%

The sub-index lost 18.7% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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