LIVE FUTURES REPORT 26/01: LME tin price nears $23,000/t, lead rises by 1.5%

Tin and lead’s forward prices on the London Metal Exchange continued their advances, with rises of over 1.5% on Tuesday January 26 and tin nearing the $23,000 per tonne mark, supported by falling stocks and a lower dollar index.

Tin’s price reached yet another new year-to-date high during trading of $22,900 per tonne on Tuesday, nearing the July 9, 2014 intraday high of $22,950 per tonne.

The metal’s three-month price receded slightly to $22,850 per tonne at the 5pm close, marking a 1.8% gain on Monday’s closing price of $22,450 per tonne.

The tin price has gained just shy of 8% over a week when the closing price was of $21,165 per tonne on January 19.

There were 1,030 tonnes of tin in the LME’s...

Published

Ana de Liz

January 26, 2021

17:39 GMT

London