BUZZ-Australian mining stocks hit one-month high as iron ore prices rebound

Reuters05-16

** Aussie mining stocks rise as much as 1.3% to their highest level since April 16

** Iron ore futures prices rebounded as news of Chinese authorities considering government purchases of unsold homes lifted sentiment and demand outlook

** London copper also touched a more-than-2-year high on Wednesday, helped by weaker U.S. dollar and bullish demand outlook

** Sector giant BHP Group climbs as much as 1.4% to its highest in three weeks

** Rio Tinto and Fortescue jump as much as 1.2% and 1.5%, respectively

** Chalice Mining and lithium explorer Vulcan Energy rise as much as 8.5% and 7.4%, respectively, and are among the top pct gainers on the sub-index

** AXMM down 7.2% this year, as of last close vs a 2.2% gain in the benchmark ASX 200 index

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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