Base metals maintained their bullish momentum during the morning session on the London Metal Exchange on Monday February 15, with all except zinc hitting fresh year-to-date highs, despite the absence of Asian and United States trading.
Tin rose by 1.5% to $24,095 per tonne in early trading, surpassing the 2021 high set on Friday, and up from Friday's closing price of $23,650 per tonne. This follows a week in which the metal's price rose by 2.5%. The metal's three-month price was trading at $23,850 per tonne shortly after 9am, even as stocks in LME warehouses rose by 550 tonnes.The tonnage, delivered into Port Klang, Malaysia, took total stocks to 1,340 tonnes, its highest level since January 19. Copper and nickel also rose to...