---
title: "Aussie Stocks Eye Best Month in Five"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274227224.md"
description: "The S&P/ASX 200 rose 0.4% to around 8,960, marking a 2.9% increase for the month, poised for its best monthly gain since August. This rally is driven by strong commodity-linked stocks, particularly gold and base metals, amid geopolitical risks and a weaker US dollar. Despite a 2.1% drop in gold stocks on the day, they are up 15.3% for January. BHP gained 0.6%, reclaiming its position as Australia's largest company, while Rio Tinto reached a record high. A deal between Rio Tinto and Chinalco for Brazil's CBA is reportedly imminent."
datetime: "2026-01-30T00:56:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274227224.md)
  - [en](https://longbridge.com/en/news/274227224.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274227224.md)
generator: "portal-rs"
---

# Aussie Stocks Eye Best Month in Five

The S&P/ASX 200 rose 0.4% to around 8,960 in early Friday deals, and is up 2.9% for the month, on track for its biggest monthly gain since August, supported by strength in commodity-linked stocks.

The rally has been underpinned by a sharp monthly surge in gold and base metals, as investors tilt toward physical assets amid elevated geopolitical risks and a softer US dollar.

While gold stocks slipped 2.1% on the day, they remained up 15.3% for January, and miners fell 0.4% on Friday but are up 13.4% for the month, heading for a standout performance.

BHP rose 0.6% on Friday, lifting its January gains to 13.7% and reclaiming its spot as Australia’s largest listed company from Commonwealth Bank, which has fallen 7.2% this month.

Rio Tinto added 0.2% to hit a record high.

The mining giant and the Aluminum Corporation of China, Chinalco, are reportedly close to announcing a deal to acquire control of Brazil’s aluminium producer CBA.

### Related Stocks

- [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md)
- [OZF.AU](https://longbridge.com/en/quote/OZF.AU.md)
- [AWC.AU](https://longbridge.com/en/quote/AWC.AU.md)
- [RIO.AU](https://longbridge.com/en/quote/RIO.AU.md)
- [STW.AU](https://longbridge.com/en/quote/STW.AU.md)
- [BHP.AU](https://longbridge.com/en/quote/BHP.AU.md)
- [GDX.AU](https://longbridge.com/en/quote/GDX.AU.md)

## Related News & Research

- [Rio Tinto signs interim co-management agreement with Ngarlawangga Aboriginal Corporation on cultural heritage protection](https://longbridge.com/en/news/298238574.md)
- [PRECIOUS-Gold little changed as markets await key US inflation data](https://longbridge.com/en/news/298146831.md)
- [BHP Reaffirms Commitment to Western Australia Iron Ore Amid Partnership Talk](https://longbridge.com/en/news/298018817.md)
- [Faraday Copper outlines plan to acquire BHP’s San Manuel property for 30% equity stake](https://longbridge.com/en/news/297832323.md)
- [Rottenstone Gold to acquire Kinross-linked Great Bear 0.75% NSR royalty in all-share deal](https://longbridge.com/en/news/297962151.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**