The three-month tin price improved most over the afternoon. It made a significant climb back toward $19,000 per tonne, rising by more than $400 per tonne on just 347 lots traded during the day.
Continuing delays in Indonesian exports spurred price rises, which have lifted physical premiums by more than 30% since mid-October. But the metal’s LME price remained volatile, and hit a new low for the year-to-date of $18,145 per tonne on November 27.
Meanwhile, copper’s three-month price has remained in positive territory for much of the November-December trading period, staying above $6,200 per tonne and rising by 1.5% on Monday, while volumes topped the complex with 23,759 lots changing hands by the close.
“The copper rally is essentially macro-driven: namely, a notable rebound in risk sentiment after the trade...