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3 results for “mining”
Rio Tinto (RIO.AX) is trading near 52-week highs at $171.97 following a 13% surge in Q1 iron ore production. Despite strong operational data, mixed analyst sentiment and a bearish MACD signal suggest a period of consolidation may be ahead.
BHP Group Limited (BHP.AX) has reached an all-time high of 59.78 AUD, driven by record copper prices and a 22% increase in half-year profit. While technical indicators like the RSI (14) at 70.77 suggest overbought conditions, the company's strategic pivot to future-facing commodities continues to attract investor interest.
The ASX 200 ended its longest losing streak since 2018 on May 1, 2026, rising 0.74% to 8,729.80 points as BHP and Rio Tinto led a materials sector recovery.