The futures price of tin on the London Metal Exchange moved up by more than $200 per tonne on Tuesday March 9, while the rest of the base-metals complex closed at lower numbers, with nickel and copper seeing further sales during the latter part of trading with consolidation continuing.
Tin's price rose by 0.5% on Tuesday to $24,435 per tonne at the close, from Monday's closing price of $24,325 per tonne. The soldering metal did reach $24,880 per tonne during trading, the highest intraday price since March 1, when buying of the metal emerged.Fastmarkets analyst Boris Mikanikrezai said in a morning note that as long as the price stayed above the 200-day...