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Stock impact report

Australian Miner Stocks Trail Global Peers as Iron Ore Drags [Yahoo! Finance]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Yahoo! Finance
(Bloomberg) -- The performance of Australia's mining stocks is lagging their global peers by the the most in over a year, as China's uneven recovery and volatile metal prices weigh on shares. Most Read from Bloomberg Dubai Grinds to Standstill as Flooding Hits City Elon Wants His Money Back Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Singapore Loses ‘World's Best Airport' Crown to Qatar Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Recent rallies in gold and copper prices have done little to lift the S&P/ASX 200 Materials Index, down 6.6% for the year, due largely to share declines in behemoths BHP Group Ltd and Rio Tinto Ltd, which account for over half the gauge. In contrast, the Bloomberg World Mining Index is up almost 7%. Miner shares have trailed falling iron ore prices, which have sunk by 17% this year as China's real estate slump continues to damp steel demand. Both Rio Tinto and BHP get more than half of their reve Show less Read more
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