Copper prices reached a record $ 3,700 a ton.
Copper prices are updated on Friday historical peak, reaching a value of $ 3,700 per tonne against the depreciation of the dollar and fears of supply disruptions, traders said.
The dollar fell to a three-month low against the euro at $ 1.2537, making the copper is quoted in dollars cheaper for non-dollar market.
Traders said that the previous peak of $ 3,670 was set earlier Friday due to buying metal investment funds, which allowed the largest global market of non-ferrous metals begin to conquer new heights.
Today#39;s fall in stocks of copper on the London Metal Exchange (LME) at 2,425 tons and falling inventories in Shanghai for 3,228 tons of feed per week rally of copper today, but the recent volatility of the dollar and energy prices are likely to make the market even more nervous, - said William Adams, analyst at Basemetals.com.
LME stocks now account for 65,525 tons. This is much higher than the July 31-year low of 25,525 tons, but much less than the stock level of 100,000 tons in September 2004.
