LME copper rebounded after a 2.4% fall, while tin's price increased by more than $500 per tonne on the morning of Wednesday March 10, with a stable US Dollar Index and volatile equity markets keeping the other base metals in consolidation mode.
The CSI Index, which measures performance of the top 300 stocks traded on the Shanghai Stock Exchange, was down 2% on Tuesday, while the Nasdaq gained more than 3.5% during trading over the day due to dip-buying and the surge of certain stocks (including Tesla), over the day. "Also weighing on prices [on Tuesday], were expressions of concern by Chinese officials about domestic asset bubbles going unchecked; the statement was taken to mean that officials could now possibly consider tightening policy going forward," ED&F Man's head of commodity research Edward Meir said. Copper's three-month price was up to $8,915 per tonne on Wednesday at 9am,...