Base metals prices on the London Metal Exchange were mixed by the 5pm close of trading on Tuesday January 18, with tin reaching a new all-time high but copper down by 0.6%

The three-month tin price was up by 2.4% to $42,292 per tonne at the close on Tuesday, after reaching an intraday high of $42,335 per tonne, a new all-time high for the grade. “One base metal that stands out to some extent today is tin: it has climbed to a new all-time high of $42,000 per tonne,” Commerzbank analyst Daniel Briesemann said. “The tin price rally began in