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Australian miners hit a three-month low on softer copper prices

By Reuters News01:24 (UTC), 22 October 2026 Updated

** Australian miners .AXMM fall as much as 1.3% to their lowest level since July 21

** Copper prices dropped overnight as inventories rose, easing worries over supply MET/L

** Rio Tinto RIO.AX and BHP BHP.AX drop 1.4% and 1.2%, respectively

** Fortescue FMG.AX slips 3.2% after saying its operations may be affected if negotiations with CMRG over supply contracts and price negotiations are not concluded by calendar year-end

** Sub-index up 4.4% YTD

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