LIVE FUTURES 22/09: Copper up 3.5%, back above key psychological level; tin up 3.4%

Copper's three-month price was steadily above $9,000 per tonne, and tin was up by 3.4% with most prices on the London Metal Exchange rebounding above their psychological levels amid dip-buying and a softer dollar on the afternoon of Wednesday September 22.

Copper's closing price on Wednesday was at $9,286 per tonne, a 3.5% increase on Tuesday's price. The red metal had touched $8,810 per tonne on Tuesday - its lowest price since August 19 - amid a wave of selling across the LME heightened by fears of the collapse of property developer Evergrande.
Tin's three-month price had the second-biggest spurt on the LME on Wednesday, up at the close to $34,997 per tonne from Tuesday's $33,820 per tonne level.

Its intraday high was $35,680 per tonne,...


Ana de Liz

September 22, 2021

16:44 GMT