Dip buying and the resumption of trading in Asia gave a boost to most metals on the LME on the morning of Wednesday September 22, with tin rising the most while lead was the only metal still trending to the downside.
Tin's futures contract was up 5% on Wednesday at 9am to $35,500 per tonne, compared with Tuesday's $33,820 per tonne, with the metal also hitting $35,680 per tonne during early trading, its highest level since it peaked at an intraday high of $35,955 per tonne on August 12. Copper's three-month contract rose 2.9% on Wednesday at 9am to $9,238 per tonne, up form Tuesday's closing price of $8,975 per tonne. The red metal's intraday low on Tuesday was $8,810 per tonne - copper's lowest level in since August 19.Its cash/three-month...