The Australian share market has moved higher ahead of another US inflation readout, with traders appearing to approve of Rio Tinto's blockbuster $10 billion acquisition of a lithium player.
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The benchmark S&P/ASX200 ended Thursday up 35.6 points, or 0.43 per cent, to 8,223.0 - its highest finish since September 30, and just half a per cent away from its all-time closing high.
The broader All Ordinaries rose 41.9 points, or 0.5 per cent, to 8,498.7.
The Australian dollar was buying 67.33 US cents, from 67.41 US cents at Wednesday's ASX close.