London Metal Exchange future contracts for tin and zinc had the most prominent increases on the morning of Tuesday August 23, after a small rally on Monday in which copper, aluminium and nickel rose over 2%; cancellations in LME warehouses continued for some metals.
Following a 14,475-tonne cancellation on Monday, a further 9,000 tonnes of copper were cancelled in Busan (6,575 tonnes), Singapore (2,625 tonnes) and Port Klang (1,150 tonnes), taking the on-warrant amount of the red metal in LME warehouses to 188,750 tonnes, the lowest since June.A 3,750-tonne cancellation was also seen for zinc in New Orleans, where...