LIVE FUTURES 11/08:Tin hits new high of $36,000, nickel up 2%

August 12, 2021 / www.metalbulletin.com / Article Link

Tin's three-month price reached yet another all-time peak of $35,795 per tonne on Wednesday August 11 on the London Metal Exchange. Most other base metals, copper being the sole exception, were also up while the US Dollar Index pulled back slightly.

Months-long supply tightness and continued demand for tin meant that its three-month price has risen by 70% since the start of the year, having been $21,049 per tonne on January 4. The price increased by more than $700 per tonne on Wednesday alone, from Tuesday's $35,084 per tonne price at the 5pm close of trading.
"There is no way to speculate where it might go or where it might stop, at this stage," Fastmarkets analyst Andy Farida said on Wednesday.

The current price...

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