This tracks how Australian Materials is performing against the ASX 200: the relative-strength read traders use to find sectors gaining momentum and the strongest stocks within them. Look for three things: whether it is gaining or losing ground on the index, whether the move is broad or led by a few large names, and which stocks lead on relative strength.
Current read · as at 3 July 2026
Australian Materials is underperforming the ASX 200 and losing ground (the lagging zone of the rotation chart). It is down 6.7% over the past month but up 9.6% year to date. 7 of 20 stocks are above their 50-day average, with only a minority participating. On 3-month relative strength, JHX.AU, MIN.AU and CSC.AU lead the sector.
Relative strength is measured against ASX 200, centred at 100. Above 100 means it outpaced the benchmark.
Performance charts
Rebased to 100 vs ASX 200
End of day
Equal-weight tracks the typical stock (sector breadth); Cap-weight is driven by the largest names. The gap between them shows how broad the move is.
Australian Materials vs ASX 200
Rising = outperforming
100 = matches benchmark. Above = outpacing it; below = lagging.
Equal-weight minus cap-weight
Participation, not a forecast
Above zero = broad participation (typical stock leading the largest names); below zero = narrow, megacap-driven.
What's underneath the leaders
End of day
Latest-day drivers
- GMD.AU+16.70%+0.83%
- NST.AU+11.75%+0.59%
- EVN.AU+8.83%+0.44%
Top 3 account for 43% of the total move.
Contribution is each holding's weight times its one-day move.
Emerging leaders (3-month rank)
- 1JHX.AU+15
- 2MIN.AU+11
- 3CSC.AU+17
- 4BSL.AU+5
- 5ORI.AU+13
Rank 1 = strongest 3-month move. Delta is the rank change; positive means improving.
Breadth and Effective N measure how widely the basket is moving right now — a participation gauge, not a forecast.
Constituents
Weights and contribution to the basket move
AAI.AU | Alcoa Corporation | $73.09 | +3.67% | 5.0% | +0.18% |
BHP.AU | BHP Group Ltd | $60.50 | +1.56% | 5.0% | +0.08% |
BSL.AU | Bluescope Steel Ltd | $31.32 | +3.03% | 5.0% | +0.15% |
CSC.AU | Capstone Copper Corp | $13.48 | +0.22% | 5.0% | +0.01% |
DPM.AU | Dpm Metals Inc. | $50.00 | +6.54% | 5.0% | +0.33% |
EVN.AU | Evolution Mining Ltd | $12.82 | +8.83% | 5.0% | +0.44% |
FMG.AU | Fortescue Ltd | $18.36 | -3.16% | 5.0% | -0.16% |
GGP.AU | Greatland Resources Limited | $11.77 | +4.07% | 5.0% | +0.20% |
GMD.AU | Genesis Minerals Ltd | $6.29 | +16.70% | 5.0% | +0.83% |
JHX.AU | James Hardie Industries Plc | $37.01 | +0.38% | 5.0% | +0.02% |
LYC.AU | Lynas Rare EARTHS Ltd | $18.22 | +2.19% | 5.0% | +0.11% |
MIN.AU | Mineral Resources Ltd | $65.07 | +2.05% | 5.0% | +0.10% |
NEM.AUCDI | Newmont Corporation | $142.17 | +4.98% | 5.0% | +0.25% |
NST.AU | Northern Star Resources Ltd | $22.16 | +11.75% | 5.0% | +0.59% |
ORI.AU | Orica Ltd | $24.08 | +1.05% | 5.0% | +0.05% |
PLS.AU | Pilbara Minerals Ltd | $5.23 | +1.95% | 5.0% | +0.10% |
RIO.AU | RIO Tinto Ltd | $171.16 | -0.06% | 5.0% | -0.00% |
RMS.AU | Ramelius Resources Ltd | $3.21 | +7.00% | 5.0% | +0.35% |
S32.AU | SOUTH32 Ltd | $4.16 | -2.80% | 5.0% | -0.14% |
SFR.AU | Sandfire Resources Ltd | $19.34 | +3.92% | 5.0% | +0.20% |
AAI.AU
Alcoa Corporation
- Last
- $73.09
- 1D
- +3.67%
- Weight
- 5.0%
- Contribution
- +0.18%
BHP.AU
BHP Group Ltd
- Last
- $60.50
- 1D
- +1.56%
- Weight
- 5.0%
- Contribution
- +0.08%
BSL.AU
Bluescope Steel Ltd
- Last
- $31.32
- 1D
- +3.03%
- Weight
- 5.0%
- Contribution
- +0.15%
CSC.AU
Capstone Copper Corp
- Last
- $13.48
- 1D
- +0.22%
- Weight
- 5.0%
- Contribution
- +0.01%
DPM.AU
Dpm Metals Inc.
- Last
- $50.00
- 1D
- +6.54%
- Weight
- 5.0%
- Contribution
- +0.33%
EVN.AU
Evolution Mining Ltd
- Last
- $12.82
- 1D
- +8.83%
- Weight
- 5.0%
- Contribution
- +0.44%
FMG.AU
Fortescue Ltd
- Last
- $18.36
- 1D
- -3.16%
- Weight
- 5.0%
- Contribution
- -0.16%
GGP.AU
Greatland Resources Limited
- Last
- $11.77
- 1D
- +4.07%
- Weight
- 5.0%
- Contribution
- +0.20%
GMD.AU
Genesis Minerals Ltd
- Last
- $6.29
- 1D
- +16.70%
- Weight
- 5.0%
- Contribution
- +0.83%
JHX.AU
James Hardie Industries Plc
- Last
- $37.01
- 1D
- +0.38%
- Weight
- 5.0%
- Contribution
- +0.02%
LYC.AU
Lynas Rare EARTHS Ltd
- Last
- $18.22
- 1D
- +2.19%
- Weight
- 5.0%
- Contribution
- +0.11%
MIN.AU
Mineral Resources Ltd
- Last
- $65.07
- 1D
- +2.05%
- Weight
- 5.0%
- Contribution
- +0.10%
NEM.AU
Newmont Corporation
- Last
- $142.17
- 1D
- +4.98%
- Weight
- 5.0%
- Contribution
- +0.25%
NST.AU
Northern Star Resources Ltd
- Last
- $22.16
- 1D
- +11.75%
- Weight
- 5.0%
- Contribution
- +0.59%
ORI.AU
Orica Ltd
- Last
- $24.08
- 1D
- +1.05%
- Weight
- 5.0%
- Contribution
- +0.05%
PLS.AU
Pilbara Minerals Ltd
- Last
- $5.23
- 1D
- +1.95%
- Weight
- 5.0%
- Contribution
- +0.10%
RIO.AU
RIO Tinto Ltd
- Last
- $171.16
- 1D
- -0.06%
- Weight
- 5.0%
- Contribution
- -0.00%
RMS.AU
Ramelius Resources Ltd
- Last
- $3.21
- 1D
- +7.00%
- Weight
- 5.0%
- Contribution
- +0.35%
S32.AU
SOUTH32 Ltd
- Last
- $4.16
- 1D
- -2.80%
- Weight
- 5.0%
- Contribution
- -0.14%
SFR.AU
Sandfire Resources Ltd
- Last
- $19.34
- 1D
- +3.92%
- Weight
- 5.0%
- Contribution
- +0.20%
Last price shown at full precision. Contribution is each holding's weight times its one-day move. A dash marks data pending after the latest end-of-day refresh.
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Back to all Australian sectorsMethodology
Equal weighted. Membership is recalculated nightly from end-of-day data: active Australian common stocks in the Basic Materials sector with a market cap of at least AUD 100 million and a 90-day average daily value traded of at least AUD 500,000, ranked by market cap, top 20. The published index is equal-weighted, tracking the typical stock; a market-cap-weighted companion line (capped at 20% per stock) is shown for comparison. The gap between the two is a participation gauge, not a forecast.