ASX 200: BHP, Rio lift on copper record; Rinehart-backed Vulcan dives; Bendigo Bank’s RACQ buy

Copper prices hit a fresh high in London trading after miner Glencore cut its near-term output target. Billionaire Gina Rinehart-backed lithium group Vulcan down after capital raise.

Copper miners are enjoying big gains in trading, but billionaire Gina Rinehart-backed Vulcan is the worst performer.

That’s all from The Australian’s rolling coverage of business and markets news for Thursday, December 4.

The ASX 200 index closed up 0.3 per cent at 8618.4 led by large caps while the small ordinaries fell 1 per cent amid growing worry about the RBA interest rate outlook.