The ASX 200 materials sector led the market last week with a 3.04% increase, driven by strong performances from major mining stocks like BHP, Fortescue, and Rio Tinto, leveraging higher iron ore and copper prices.
BHP, Fortescue, and Rio Tinto reached new 52-week highs, as did the market’s largest pure-play copper share, Sandfire Resources, with both iron ore and copper price surges significantly boosting the miners’ value.
Despite a strong overall commodity market, the gold sector showed mixed results, with Northern Star Resources falling, while Evolution Mining gained slightly and Greatland Resources surged alongside other strong-performing commodities like copper.
