Three-month LME copper and tin prices continued to rise on Tuesday January 5, with the red metal coming close to its 2020 high, on a day when the rest of the base metals all saw increases, supported by a low US Dollar Index.
Copper's three-month price settled at $8,002 per tonne on Tuesday at the 5pm close, just a few dollars short of the metal's 2020 high of $8,028 per tonne reached on December 18. Copper's closing price on Tuesday was up 1.8% from Monday's 5pm price of $7,890.50, which was a 1.2% increase from the December 31 closing price, $7,766 per tonne. Tin's three-month price rose by 0.6% to $21,185 per tonne on Tuesday at the close, a more subdued price increase than Monday, when the...