LME tin price retreats after sharp rally to close below $40,000 per tonne

Base metals prices on the London Metal Exchange were lower at the close of trading on Thursday November 25, although aluminium and lead bucked that the trend to show slight increases.

The cash/three month price spreads across the base metals complex were backwardated, signaling an overall tightness of material availability.

Market participants were particularly concerned about tin supply, following the news that Indonesia was considering a ban on tin exports by 2024.

After a sharp rally in prices on Wednesday, there has been considerable profit-taking,...


Julian Luk

November 25, 2021

18:03 GMT