{"id":76131,"date":"2026-07-03T22:47:09","date_gmt":"2026-07-03T22:47:09","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/76131\/"},"modified":"2026-07-03T22:47:09","modified_gmt":"2026-07-03T22:47:09","slug":"how-rio-tinto-fortescue-and-bhp-shares-stacked-up-in-june","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/76131\/","title":{"rendered":"How Rio Tinto, Fortescue and BHP shares stacked up in June"},"content":{"rendered":"

Rio Tinto Ltd (ASX: RIO<\/a>), Fortescue Ltd (ASX: FMG<\/a>) and BHP Group Ltd (ASX: BHP<\/a>) shares all underperformed the benchmark index in June.<\/p>\n

Over the month just past, the S&P\/ASX 200 Index\u00a0(ASX: XJO) gained 0.5%.<\/p>\n

But, after a strong run higher in May, all three of the ASX 200 mining<\/a> giants lost ground in June.<\/p>\n

BHP shares closed on 29 May trading for $62.31. When the closing bell sounded on 30 June, shares were changing hands for $59.40 apiece, down 4.7% over the month.<\/p>\n

Fortescue shares fared just a bit better. The Fortescue share price ended May at $22.31 and closed out June at $19.15, putting the ASX 200 miner down 4.2% in June.<\/p>\n

And Rio Tinto shares trailed the pack. Shares closed out May at $185.63 and finished June at $172.51 each. This saw the Rio Tinto share price down 7.1% in June.<\/p>\n

\"An<\/p>\n

Image source: Getty Images<\/p>\n

Why did BHP shares and the other ASX 200 miners go backwards in June?<\/p>\n

First, it’s important to note that shares in all three of the big Aussie miners remain well up over the past 12 months.<\/p>\n

Despite June’s retrace, BHP shares were recently up around 60% over 12 months, while Fortescue shares have gained 19% and Rio Tinto shares have jumped 57%. And none of these figures include the two dividends these companies paid out to eligible stockholders over this time.<\/p>\n

As for June’s pressure, a lot of that was driven by a retrace in the miners’ core revenue earning commodities.<\/p>\n

On 29 May, for example, iron ore was trading for US$108 per tonne. By 30 June, the iron ore price had slipped to US$100 per tonne.<\/p>\n

Copper prices also slid in June. On 1 June the red metal was fetching US$13,832. By 30 June the copper price had fallen to US$13,375 per tonne, according to data<\/a> from Bloomberg.<\/p>\n

What else happened with the ASX 200 mining giant in June?<\/p>\n

There was little fresh news out from the Aussie mining giants in June.<\/p>\n

The month did mark Mike Henry’s last one as BHP’s CEO, with Brandon Craig stepping into the top job on 1 July.<\/p>\n

And BHP shares did tumble 5.6% on 19 June after the miner reported<\/a> on higher-than-expected costs at its Jansen Stage 2 potash project, located in Canada.<\/p>\n

Investors were favouring their sell buttons after BHP revealed that its full investment estimate for Stage 2 had increased to US$6.9 billion, up from the prior forecast of US$4.9 billion.<\/p>\n

First potash production from Stage 2\u00a0was also pushed back two years to FY 2031.<\/p>\n","protected":false},"excerpt":{"rendered":"Rio Tinto Ltd (ASX: RIO), Fortescue Ltd (ASX: FMG) and BHP Group Ltd (ASX: BHP) shares all underperformed…\n","protected":false},"author":2,"featured_media":46826,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20718],"tags":[12991,23473],"class_list":["post-76131","post","type-post","status-publish","format-standard","has-post-thumbnail","category-rio-tinto","tag-rio-tinto","tag-trending"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116858483088330222","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/76131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=76131"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/76131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/46826"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=76131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=76131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=76131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}