$11bn Loss Forecast for Australia’s Mining Big Three Monday’s | Eric Trump

$11bn Loss Forecast for Australia’s Mining Big Three

Monday’s markets indicate that Australia’s big three mining companies are set to lose a combined market value of $11.12bn as easing Chinese demand and global recession fears deepen the commodities selloff.

Rio Tinto ($1.35bn), BHP ($7bn) and Fortescue Metals ($2.8bn) are all on track for their worst month trading since September 2021 with a combined loss of around $21bn already this month.