Futures prices on the London Metal Exchange were mixed in the morning of Friday April 30, with tin, aluminium and lead all posting gains, while copper fell from the $10,000-per-tonne high achieved on Thursday.
Tin's three-month price rose the most on Friday morning, with a 1.3% gain to $28,835 per tonne.Tin's cash price neared the $32,000 per tonne mark on Thursday, with the cash-to-three-month spread consequentially moving to a backwardation of above $2,300 per tonne, from a $1,255-per-tonne backwardation at the start of the week.
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