Shares of miners listed on the ASX, which have been seeing a steady decrease in value for the past three weeks, recording a drop of 1.5% this week, are set for a third consecutive weekly drop.

This continued downward trend is the most significant the index has witnessed since August 18.

China’s economy exhibits volatility due to a temporary closure of the markets for a holiday, eliciting worries among investors.

Future prospects improved slightly as iron ore futures rose in anticipation of the halt on September 28.

Moreover, stock performance made promising strides on Friday with the index posting gains as high as 1.1%.

Included in the rise were mining heavyweights such as Rio Tinto (ASX:RIO), BHP Group (ASX:BHP), and Fortescue Metals (ASX:FMG), with each gaining 2.1%, 1.6%, and 1.8% respectively.

Rio Tinto is an international mining group, primarily engaged in the extraction of minerals.