Tin and lead's forward prices on the London Metal Exchange had the biggest gains of Monday January 25, with the prospect of a Covid-19 economic stimulus being passed in the United States overshadowing concerns over the extension of lockdowns elsewhere in the world.
Tin's three-month price rose by 1.8% on Monday at 9am to $22,360 per tonne, from Friday's closing price of $21,960 per tonne. The price had reached a new year-to-date high this morning of $22,575 per tonne, also the most expensive intraday price for the metal since August 1 2014, when it reached $22,780 per tonne. This surpassed the previous year-high of $22,395 per tonne reached just last week. Lead was also 1.2% higher on Monday morning, up to $2,070.50 per tonne, its highest levels since it closed at $2,081 per tonne...