BHP Dips After Hitting Record, ASX Miners Retreat
BHP Group shares dropped 2.8% to A$58.77 on Monday in Australia, retracing some of the copper-fueled gains that recently pushed the miner to all-time highs. Rio Tinto and Fortescue shares also slipped. The move hit the sector, not just BHP. BHP hit A$60 for the first time and took back the top spot in Australia, riding on record copper prices and iron ore staying solid. Monday’s drop didn’t change that, but it did make the trade look a bit less certain.