The price of tin on the London Metal Exchange closed above $23,000 per tonne on Monday February 1, while aluminium's forward price was under the most pressure from the rising US Dollar Index, dropping by more than 1% from last week's closing prices.
Tin's three-month price rose by 1.4% to $23,103 per tonne from Friday's 5pm closing price of $22,779 per tonne, ending the day above the $23,000 per tonne mark for the first time since June 2014.The metal had breached the $23,000 per tonne mark a few times in the past week - setting new 2021 highs in the process - but had failed to hold the price at the close until Monday.The metal also recovered from a lower price on Monday morning, when it dipped by 0.95% to $22,600 per tonne from Friday's 5pm closing price.More than 520 lots of tin were traded on the LME on Monday by 5pm, above last...