Copper closed up by 2.1%, at $9,097 per tonne, compared with Friday’s 5pm price of $8,909.50 per tonne, while tin’s three-month price was up by 1.5% to $26,615 per tonne.
The red metal reached $9,269.50 per tonne during the day while tin rallied to $27,000 per tonne for the first time since mid-2011.
Both metals’ backwardations continued to show the tightness in the market on Monday, with copper’s at $35.50 per tonne, the most since September, and tin’s at $2,440 per tonne, less acute than last week’s...
