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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