The price of tin on the London Metal Exchange rose to a new 2021 high on Thursday January 28, while the rest of the base-metals complex showed mixed results at the 5pm close.
Zinc, notably, was holding its ground after a 2.7% decline on Wednesday, but the prices of nickel and aluminium drifted lower.Tin's continued rise on Thursday led it to a new year-to-date high of $23,075 per tonne during the day, although it closed up by 0.8% at $22,995 per tonne.The metal's three-month price has increased by 13% from its 2020 high of $20,440 per tonne, reached on December 29, while LME stock levels have fallen by almost 16% this week, to just 880 tonnes on Thursday.Tin's cash-to-three month spread...