Shares of BHP, Rio Tinto, and Fortescue hit multi-month lows amid weak iron ore prices and investment concerns.

Shares of Australia's major miners BHP, Rio Tinto, and Fortescue fell to multi-month lows due to weaker iron ore prices, concerns over global capital expenditure, and softer earnings forecasts. BHP and Rio Tinto remain relatively resilient thanks to diversified commodity exposure, while Fortescue faces greater risks due to heavy reliance on iron ore and potential production cuts. Broader market sentiment is also affected by doubts over the sustainability of the AI investment boom, highlighted by Tesla's cut in 2026 capital expenditure. BHP's chair Ross McEwan emphasized the need for Australia to improve its competitiveness to attract global mining investment, citing policy examples from Canada and Chile that lower tax burdens and encourage capital flow.

As of Oct 22, 2026 08:02 WIB, Rio Tinto (ADR) trades at USD 86.75 on Pluang, down 1.60% for the day with a market cap of $141.67 billion. Despite the recent pressure on miners including BHP and Fortescue, Rio Tinto's dividend yield remains attractive at 5.27%. The stock sees steady interest from buyers on Pluang, with 100% of order activity on the platform being buy orders at this time.