Copper touched new peaks on Monday after top Chinese smelters agreed to a plan to cut output in 2026 and on record-high premium offers by Codelco, the world’s biggest copper producing company. The most-active copper contract on the Shanghai Futures Exchange surged 2.08% to 89,020 yuan ($12,583.40) per metric ton as of 0230 GMT, after setting a record high at 89,650 yuan. The benchmark three month copper on the London Metal Exchange, meanwhile, also climbed to a new all-time high of$11,294.5 a ton, after setting a record high on Friday.The London copper contract was up 0.24% to $11,216 a ton as of 0230 GMT. The China ... (full story)