LME base metal futures largely up, tin posts new record price

November 19, 2021 / www.metalbulletin.com / Article Link

Base metal futures prices on the London Metal Exchange were largely up at the 5pm close on Thursday November 18, with tin reaching a new all-time high.

The three-month tin price closed at $38,453 per tonne, a rise of 1.2% from $37,975 per tonne at the 5pm close on Wednesday.

This marks a new all-time high for the soldering metals three-month price, with the previous record being $38,330 on October 20. Tin had reached $40,000 during trading on Thursday.

This comes off the back of a report that the Malaysian Smelting Corporation (MSC) is tentatively looking at ending their force majeure on November 30. However, there are questions about whether...

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