Anticipations of China implementing impactful stimulus measures to boost its sluggish economy has led to a rebound in iron ore prices.

Consequently, Australian miners saw a considerable rise, as much as 1.6%, this being their peak since September 21.

The sub-index appears to be on a consistent positive streak, for the fourth consecutive session.

Big players like Rio Tinto (ASX:RIO) have surged as much as 2.7% to A$115.27 and are slated to profit most since September 15, if the trend continues.

Additional giants that noted a 1.2% escalation include the world’s largest listed miner, BHP Group (ASX:BHP) and the iron ore colossus, Fortescue (ASX:FMG).

However, this uptick stands juxtaposed to the 4% downfall witnessed in stock this year, as of the previous closure.

Rio Tinto (ASX:RIO) is a leading global mining group that focuses on finding, mining, and processing the Earth’s mineral resources.