LME copper races to all-time peak above $11,200 a ton
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A worker loads copper cathodes into a warehouse near Yangshan Deep Water Port, south of Shanghai in this March 23, 2012 file photo. REUTERS/Carlos Barria/File Photo
Nov 28 (Reuters) - Copper prices on the London Metal Exchange set a new all-time high above $11,200 on Friday, spurred by a weaker dollar, lower output in top producer Chile in October and planned production cuts by Chinese smelters.
Benchmark LME three-month copper rose as much as 2.5% to $11,210.50, beating the previous record high of $11,200 set on October 29.
(Reporting by Tom Daly, Editing by Louise Heavens)
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