ASX:RIO 8 June 2026 - 29 June 2026

Rio Tinto (LON:RIO) steadies in London while lower-grade iron ore rivals take hit

Rio Tinto drops as iron ore covers up Simandou, lithium move

Rio Tinto plc dropped Tuesday as the FTSE 100 pushed higher, with the miner trading near the lower end of its book ahead of next week’s production report. The London Stock Exchange was open for its normal 8:00 a.m. to 4:30 p.m. BST hours as of 10:05 BST. Delayed numbers from Hargreaves Lansdown showed Rio off 127p, or 1.81%, at 6,909/6,910p. The moves looked like an iron ore story. Rio Tinto Ltd dropped 0.9% in Sydney trading, with the Aussie miners index weaker by 0.7%. Iron ore was at $98.30 a tonne on July 6, according to Trading Economics, down 2.72% in a month. Reuters global markets had copper at $13,326 a tonne late Tuesday, off 0.58%.
July 7, 2026
BHP Group Ltd (ASX:BHP) cuts A$30.7bn as Jansen reset hits before CEO shift

BHP (ASX:BHP) bounce trails Jansen shock as volume fades

At the dateline, Tuesday’s ASX cash session had not started. ASX normal trading runs from 09:59:45 to 16:00 Sydney time, and June 30 is not one of the exchange’s listed 2026 public-holiday closures. BHP Group Ltd closed Monday at A$59.82, up 1.41%, on 8.92 million shares. That was below its 10.30 million average, a thin-volume bounce after a month in which investors have started marking down the price of cost risk again.
June 29, 2026
ASX ends week slightly down, but credit and resource sectors under pressure

Australia stocks: Miners look to China data and banks watch RBA minutes this week

Australian shares are set to reopen later on Monday, but the cash market in Sydney hasn't opened yet. The ASX trades normally between 09:59:45 and 16:00:00 Sydney time. The S&P/ASX 200 starts the week just 4.8% off its February high of 9,202.90, but losses last week hit sectors with exposure to China, oil, and local rate moves. On Friday, the index was at 8,764.20, according to Trading Economics—up 0.53% for the month, and 2.94% over the past year.
June 28, 2026
ASX 200 down 0.7% with banks, miners offsetting gains

ASX 200 down 0.7% with banks, miners offsetting gains

ASX 200 drops almost 60 points as sector gains mask wider split The ASX 200 closed down 59.7 points and the All Ordinaries ended 61 points lower at 8,951.60. Still, most sectors finished higher, with seven out of 11 in positive territory. The VanEck Australian Equal Weight ETF was up A$0.30 at A$38.70. The S&P/ASX 200 uses float-adjusted market value to weight stocks. MVW spreads its weighting evenly across big, liquid Australian names and holds a different list. The difference hit benchmark funds, as losses among the top stocks wiped out gains elsewhere in the market.
June 25, 2026
BHP Group (ASX:BHP) drops A$33 billion on Jansen delays and strike worries

BHP Group (ASX:BHP) drops A$33 billion on Jansen delays and strike worries

BHP Group Ltd finished down 1.65% at A$58.52 on Thursday. The S&P/ASX 200 lost 0.68% to close at 8,748.70, with the materials sector dropping for a sixth session in a row. The Australian dollar was at 68.90 U.S. cents. BHP shares are down 10.0% from the June 18 close of A$65.04. With 5.08 billion shares in issue, the drop wiped out about A$33.1 billion, or US$22.8 billion, at Thursday’s rate. That’s nearly 10 times the miner’s planned US$2.3 billion Jansen charge. The first 5.6% drop took place on 37.9 million shares, which is 3.6 times the usual volume. BHP slid another 4.7% by Thursday, this time on volume close to normal.
June 25, 2026
PLS Group climbs after backing new digital lithium spot platform

PLS Group climbs after backing new digital lithium spot platform

PLS Group Limited picked up 3.5% on Wednesday, closing at A$5.66. Shares moved between A$5.29 and A$5.70 for the day. The stock is still down 8.6% over seven days. The lithium producer put out a conference presentation after Tuesday’s close. PLS highlighted supply reliability as the main issue facing the lithium market, according to Henderson’s June 23 keynote. While the company said demand from electric vehicles and battery storage was getting stronger, PLS said it’s still not clear how new supply will get to buyers.
June 24, 2026
ASX 200 edges higher this week as BHP falls and Hormuz risk lingers

ASX 200 edges higher this week as BHP falls and Hormuz risk lingers

Australian shares eked out a weekly rise, but heavy selling in miners on Friday and wariness over the Strait of Hormuz put the market at risk of another choppy start on Monday. The benchmark slipped 0.92% in the last session, breaking a four-day win streak. ASX 200 jumped 1.25% Monday after early optimism around a U.S.-Iran deal. But that move is starting to look shaky. Iran’s Revolutionary Guards said Saturday Hormuz was closed. U.S. Central Command said 55 merchant ships passed through with over 17 million barrels of oil.
June 20, 2026
Fortescue drops 2.3% over the week as China iron ore prices stay under pressure

Fortescue drops 2.3% over the week as China iron ore prices stay under pressure

Fortescue Ltd closed the week at A$19.75. The stock dropped four sessions in a row after a rally on Monday tied to commodities. On Friday, Fortescue lost 1.1%. It finished near the day’s low of A$19.58, with volumes at 9.6 million shares. The decline is notable since the wider Australian market still managed a roughly 0.3% weekly gain. The S&P/ASX 200 jumped at the start of the week before giving back most of those gains in the next four days, ending Friday at 8,828.70, up from 8,804.00 last week.
June 19, 2026
ASX 200 Drops 0.6% as Miners, Banks Weigh on Australia Stocks

ASX 200 Closes Week Flat With BHP Drop Dragging Miners; CPI, Jobs Ahead

ASX 200 squeaked out a gain of less than 0.3% this week even after shedding 82.4 points on Friday, as heavy mining losses led by BHP knocked the market back. Healthcare names and other defensives made some headway but couldn’t turn things around. “Not a panic, but rather a buyers’ strike on the day,” Moomoo strategist Michael McCarthy said. This drop is important since miners are still a big part of the Australian market and were behind some of its earlier gains. Commodity prices took another hit as the U.S. dollar firmed and the Federal Reserve signaled it still favors higher rates to curb inflation. By late morning, shares of Rio Tinto lost 2.9% and Fortescue fell 1.1%, with losses
June 19, 2026
ASX 200 Drops 0.6% as Miners, Banks Weigh on Australia Stocks

ASX 200 Drops 0.6% as Miners, Banks Weigh on Australia Stocks

ASX stocks ended their four-day run lower on Thursday. Fresh anxiety over U.S. rates hit miners, banks and tech names. The local cash market was shut at press time, set to reopen Friday. Stocks slipped after a four-day rally pushed the benchmark to a two-month high. Materials, property and financial shares, which had climbed in that stretch, lost ground as traders looked again at borrowing costs and global demand.
June 18, 2026
ASX 200 Touches Eight-Week Peak Ahead of RBA Decision; Oil Drops

ASX 200 Touches Eight-Week Peak Ahead of RBA Decision; Oil Drops

S&P/ASX 200 finished Monday up 110 points, or 1.25%, to 8,914.00. Australian shares jumped to start the week. The All Ordinaries index added 1.35% to 9,128.00. Reuters reported it was the best finish for the ASX 200 since April 21 after a preliminary US-Iran deal eased concerns about energy flows through the Strait of Hormuz. S&P/ASX 200 can jump or drop hard when banks, miners and energy stocks all move in the same direction, not just during earnings season. S&P Dow Jones Indices labels it Australia’s main investable benchmark. The index covers 200 large ASX stocks weighted by float-adjusted market cap.
June 15, 2026
Rio Tinto Shares Rise as Miners Catch Risk-On Bid, but Valuation Looks Less Obvious After Rally

Rio Tinto Shares Rise as Miners Catch Risk-On Bid, but Valuation Looks Less Obvious After Rally

London, June 15, 2026, 10:02 BST. Rio Tinto plc shares rose in London on Monday as investors moved back into large-cap mining stocks during a broader global risk rally. AJ Bell’s delayed market data showed Rio Tinto quoted at a 7,948p sell price and 7,950p buy price, up 133p, or 1.70%, from a previous close of 7,814p. The stock traded as high as 8,007p, while its market capitalisation stood near £129.7 billion.
June 15, 2026
ASX 200 Week Ahead: RBA Decision, Oil and Iran Deal Hopes Put Australia Stocks on Watch

ASX 200 Week Ahead: RBA Decision, Oil and Iran Deal Hopes Put Australia Stocks on Watch

Australian shares enter the week ahead with renewed momentum after the S&P/ASX 200 jumped 170.75 points, or 1.98%, to 8,804.00 on Friday, leaving the benchmark up 2.01% over the past month but still below its February 2026 all-time high of 9,202.90. The move matters for stock prices because the rebound was broad rather than confined to one sector: BHP, Rio Tinto and the big four banks all rose, while gold miners also rallied, giving investors a cleaner read on risk appetite after several weeks of oil-driven inflation anxiety. The next major catalyst is Tuesday’s RBA decision. The central bank says the cash rate target is 4.35%, effective since May 6, with the next update due at 2.30 p.m. AEST on
June 14, 2026
ASX 200 Rally on Watch as RBA Decision Nears

ASX 200 Rally on Watch as RBA Decision Nears

ASX 200 rides momentum into the week, but the bar is high after a 1.98% jump Friday that pushed the benchmark up 170.80 points to 8,804.00. The index now sits about 4.3% under the February 2026 peak of 9,202.90. Traders have shifted focus from geopolitical news to the interest-rate outlook now. Stocks rallied across the board Friday, pushing prices higher. Materials snapped back, with Market Index putting the sector up 3.7% for the day. Consumer staples, consumer discretionary, healthcare, and real estate all put up solid weekly gains too. That’s notable because investors weren’t just trading miners on commodities moves—they also shifted into rate-exposed groups that tend to get a lift when yields drop. Australia’s 10-year bond yield fell by
June 13, 2026
ASX 200 Holds Up on June 10 as Miners Slip

ASX 200 Holds Up on June 10 as Miners Slip

Australian shares ended down for a third day on Tuesday. Miners fell, but a late move into defensive names helped limit losses for the S&P/ASX 200. ASX timing played a part. At 03:01 AEST Wednesday, the exchange’s cash market was still shut, outside its listed 9:59 a.m.-4 p.m. Sydney trading hours. The exchange had only just reopened on Tuesday after Monday’s King’s Birthday holiday. The fresh session offered local investors a first look at how global tech pressure, softer commodities, and weak domestic figures might hit Australian shares.
June 9, 2026
South32 stock gets Citi’s copper boost — Tuesday’s open could decide the trade

South32 stock gets Citi’s copper boost — Tuesday’s open could decide the trade

South32 Ltd shares head into Tuesday’s ASX reopen with a fresh broker tailwind after Citi named the Perth miner its preferred mining stock, though the last ASX print was still a weak one: A$4.63, down 2.5% on Friday. The cash market was in pre-open, when orders can be entered but not matched, before normal trading starts just before 10 a.m. Sydney time. The timing matters. Australia had no Monday cash trading because the ASX shut for the King’s Birthday holiday, leaving investors to process two days of overseas moves, a new Citi call and Friday’s materials selloff in one go.
June 9, 2026
ASX Opens as Banks, Miners and Oil on Radar for Next Moves

ASX Opens as Banks, Miners and Oil on Radar for Next Moves

ASX eyes muted open as miners, banks slip before long weekend Australian stocks are expected to open cautiously Tuesday, with S&P/ASX 200 futures held down by Friday’s 0.7% drop to 8,625.10 and weak trading in banks and miners. The ASX cash market didn’t trade on Monday because of the King’s Birthday holiday. Regular trading is set to start around 10 a.m. Sydney time. ASX traders come back after missing Monday’s overseas action. U.S. stocks climbed Monday, led by a rebound in chip stocks after last week’s drop. Some signs that Middle East tensions eased also helped, leaving Australians returning to a stronger offshore lead than they had before the market closed on Friday.
June 8, 2026
BHP to Resume Trading Following Iron Ore Drop

BHP to Resume Trading Following Iron Ore Drop

BHP Group Ltd’s Australian stock is on track to start trading again following the King’s Birthday break, with the market looking at last week’s iron ore selloff and a more upbeat session in the miner’s overseas shares. BHP shares on the ASX last changed hands at A$61.24, down 2.48%, after the local exchange shut for King’s Birthday on Monday, June 8. The market closure paused both trading and settlement, so Friday’s close stayed as the most recent price. Meanwhile, BHP’s U.S.-listed ADRs advanced 2.03% to $84.40 by early Tuesday AEST, based on BHP’s published data.
June 8, 2026