Tin was the LME outlier on Tuesday November 10, with its price down 0.02% from Monday's close - when markets were boosted by Joe Biden's success in the US election and news of an effective vaccine against Covid-19 emerged.
All other LME base metals closed up on the previous day's afternoon kerb on Tuesday, with most prices across the complex rangebound following a rally the previous day.But the cash/three-month tin price stood at $18,280 at 5pm on Tuesday compared with Monday's close of $18,285. The tin market continues to be held in tight hands, with total stocks at 4415 tonnes at November 10. A 35-tonne fresh inflow of the galvanizing metal...