Copper reached a new all-time high of $10,747.50 per tonne on Monday morning, before coming down slightly to $10,684 per tonne at 9am.
This was a 2.6% rise from its Friday closing price, at $10,417 per tonne and followed on from a 4.5% increase last week. Traded volumes reached 12,500 lots by 9am - more than half of the total 23,625 lots traded on Friday.
Copper first breached its previous all-time high of $10,190 per tonne, (achieved in February 2011) last Thursday.
Its seven-day average relative strength index - which measures the magnitude of price changes - showed a reading...