LME three-month tin hit its own 10-year high of $27,000 a tonne on Monday morning.

The new quota for the first batch is 84,000 tonnes, compared with a cap of 66,000 tonnes for last year’s first batch.

Copper price keeps soaring as bullish sentiment prevails; Iron ore price retreats on higher steel inventories in China; Gold price dealt ‘fatal blow’ by bond yield rally

Iron ore prices fell on Friday after hitting their highest level since September 2011, as a survey of inventories of steel products in China showed a significant increase.

Citigroup analysts have pinned the global copper deficit at about 500,000 tonnes starting this year.

The White House plans to review gaps in domestic manufacturing and supply chains that are dominated by or run through “nations that are or are likely to become unfriendly or unstable,” CNBC reported.

The new United States administration seems in no rush to lift the aluminum and steel tariffs imposed by Donald Trump in 2018.

Metal prices surged during the first trading day since the lunar new year in China, as activity ramps up to pre-pandemic levels.