ASX Mining Stocks: Fuel Constraints, Falling Commodities and What Comes Next

Australia’s mining sector is facing a different kind of shock.

For most of the past few years, investors have analysed miners through a familiar lens: commodity prices, Chinese demand, production growth and capital discipline. The current sell-off is being driven by something more immediate and, in some ways, more dangerous. Investors are no longer just asking what price miners can sell their output for. They are asking whether some operations will have the fuel required to keep producing at all.

The S&P/ASX 200 Materials Index has fallen more than 20 per cent since the Iran. . .