Sydney’s equities benchmark rose to a more than five-month high on Tuesday as the country’s major mining groups rallied.
The S&P/ASX 200 index finished trading up 0.7 per cent at the highest level since May as Rio Tinto and rival BHP Billiton both closed up 1.3 per cent.
Shares in Rio Tinto had hit a more than four and a half year high on Tuesday after the company reported a lift in quarterly shipments from its iron ore operations in Western Australia.
BHP Billiton received a boost from reports the head of its nickel unit had said at a press conference that demand from the battery sector was growing more quickly than anticipated.
Source: www.ft.com
