The LME copper price was close to $9,000 per tonne for the first time since September 2011 on Friday February 19, on a day when bullishness took hold of the base metals complex, with tin's price also rising significantly - by nearly $1,300.
The surge in copper was partially fueled by low LME inventories (and despite a 43.5% rise in SHFE inventories) with the available 46,450 tonnes of copper in LME warehouses marking its lowest level in six months. The rise was also supported by...