The three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw copper fall through its nearby $5,800 per tonne support level.
Tin futures traded at an intraday high of $17,750 per tonne, climbing by more than 12% since falling to a four-year low of $15,565 per tonne on August 27.Volumes traded in tin were moderately high over the afternoon, with some 340 lots traded by the close, the most since September 6.The price has followed an upward trajectory since news of planned smelter cuts in China last week were proposed as a method to counter price weakness, while market expectations of...