# Australian shares edge lower as miners retreat, RBA decision looms | Stock Market News

> Australian shares edged lower on Monday as miners fell on weakness in iron ore and copper prices, while investors braced for a possible fifth rate hike this year. Rio Tinto reported a seismic event temporarily disrupting underground mining at its Oyu Tolgoi copper mine in Mongolia.

- Date: 2026-11-02 · published 2026-11-02T03:10:01.140Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74698-australian-shares-edge-lower-as-miners-retreat-rba-decision-looms-stock-market
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Routine equity market commentary with iron ore weakness noted; it carries little supply or demand implication for animal-feed commodities.

## Sources

- livemint.com: https://www.livemint.com/market/australian-shares-edge-lower-as-miners-retreat-rba-decision-looms-11793587975667.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.