BHP Group (ASX:BHP) shares rose past 2% in recent Wednesday trade, and Rio Tinto Group (ASX:RIO) gained nearly 2%, as copper prices posted a new record high.
Both stocks reached an all-time high earlier in the trading session.
Copper futures settled at $6.6495 a pound on Tuesday, and the benchmark price has now risen 38% compared with a year earlier, The Wall Street Journal reported.
Electronic technology shares gained the most on New Zealand's Exchange, rising past 1% by midday Wednesday.Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose more than 1% in recent trade.On the flip side, the industrial services sector struggled, shedding nearly 2%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell almost 2% in recent trade.
Acrow's (ASX:ACF) industrial access division revenue is expected to exceed AU$200 million for the fiscal year 2026, according to a Wednesday Australian bourse filing.The company said the Above Scaffold and Brand Australia acquisitions are performing ahead of initial expectations, contributing about AU$40 million of the revenue growth, while the industrial access division is generating organic revenue growth of about AU$30 million for the year.Significant recent contract wins combined with the revenue profile of existing contracts underpin about AU$180 million of currently secured revenue for fiscal year 2027, it added.The company's shares rose 7% in recent Wednesday trade.
PT International Development (HKG:0372) said authorities are investigating the suspected misappropriation of 22.4 million yuan from Guangxi Guangming Warehouse Storage, according to a Tuesday Hong Kong bourse filing.The company said Thousand Vantage Investment directors Zhu Bin and Chen Kui, former Guangming executive Zhu Xuefeng, and certain external parties were suspected of involvement.Guangming is an indirect, non-wholly-owned subsidiary of the company, held through Thousand Vantage.Authorities have recovered 9.6 million yuan, while 12.8 million yuan remains unrecovered, the filing said.PT International said it will seek the removal of Zhu Bin and Chen as directors of Thousand Vantage and does not expect the case to materially affect operations, as the alleged conduct occurred before it acquired a controlling stake in Thousand Vantage in 2021.