The three-month tin price on the London Metal Exchange was the standout performer at the close of trading on Wednesday March 25, climbing by more than 6% to breach resistance at $14,000 per tonne, while the outright lead price rallied above the $1,600 per tonne threshold.
Tin's underlying price on the LME closed at $14,299 per tonne on Wednesday afternoon, gaining $815 per tonne from an intraday low of $13,470 per tonne, while turnover was moderate at 382 lots exchanged by the close. Yet strong buying in LME tin comes amid myriad supply concerns for the commodity, with key producers in Peru and Indonesia both halting operations and trimming production amid market uncertainty over the impact of the novel coronavirus (2019-nCoV)...