<div id="readability-page-1"><div>** Australian miners rise as much as 0.7% to record high after copper prices extended rally to cross the $12,000 mark** The sub-index on track for third consecutive session of gains** Shares of Rio Tinto climbed for the seventh successive session to a peak of A$148, while BHP and Fortescue rose 0.2% and 0.5% respectively** Copper prices hit record high on Tuesday as thin year-end trade extended momentum for speculative buying on a weaker dollar and expectations of tighter supply ** Sub-index up more than 40% so far this year, outperforming a 7.4% rise in the ASX 200 benchmark </div></div>

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Australian miners' stocks reached a record high, rising 0.7% as copper prices surged past $12,000. This marks the third consecutive session of gains, with Rio Tinto, BHP, and Fortescue seeing increases. Copper prices hit a record due to speculative buying, a weaker dollar, and expected tighter supply. The sub-index has risen over 40% this year, outperforming the ASX 200's 7.4% increase.

Australian miners extend gains to reach fresh peak on strong copper prices