LIVE FUTURES REPORT 05/05: LME aluminium, tin continue to rise; copper, lead fall from highs

Tin’s three-month price on the London Metal Exchange was at its highest in a decade on Wednesday May 5. Meanwhile, nickel touched $18,000 per tonne and aluminium closed near to its year-to-date peak, set during trading, although other base-metals prices fell from their recent highs.

The price of tin rose to $29,790 per tonne during trading on Wednesday, and closed at $29,686 per tonne, up by 2.4% from Tuesday’s figure of $28,990 per tonne.
This was the highest price seen for tin since May 2011, when tin’s futures price reached $30,895 per tonne. Supply constraints caused by environmental checks, smelter maintenance and production cuts at tin producers in Asia and South America continued to support the metal’s price.

Fastmarkets’...

Published

Ana de Liz

May 05, 2021

17:05 GMT

London