Top ASX shares making record all-time highs

The S&P/ASX 200 Index (ASX: XJO) has delivered its 5th straight week of gains. While many ASX 200 shares are still well below their pre-COVID-19 price levels, some are not only setting year-to-date highs on the ASX, they’re breaking out into record territory. Let’s take a look at 4 of the top ASX share performers.

Fortescue Metals Group Limited (ASX: FMG) 

Iron ore prices have gone from strength-to-strength, backed by an industrial boom in China and supply-side challenges from key exporters. The spot price has soared to a 7-year high of US$141 per tonne, up from US$100 in June and US$90 in January this year. Higher iron ore prices warrant a higher Fortescue share price, as such, it set an all-time high of $21.55…