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Aluminium traded near its highest level since early 2022, and tin extended a blistering rally, as expectations for tighter global supplies fuelled a bullish mood across metals markets.<\/p>\n
Most metals, with the exception of copper, rose on Tuesday in London, following strong gains in the previous session. Aluminum came within 50 cents a ton of its high of $3 200 a ton reached on Monday, while tin advanced for a third day, and is now up almost 20% so far this year.<\/p>\n
Base metals have made a powerful start to 2026 \u2014 building on a strong performance last year \u2014 mainly on expectations that supply will struggle to keep up with demand as the Federal Reserve keeps cutting interest rates. The artificial-intelligence boom is also spurring enthusiasm for metals needed for data centers, power grids, and electronics, particularly copper, while speculative buying in China has also aided the rally.<\/p>\n
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Tin has been the standout performer on the London Metal Exchange so far this year, nearing a record high above $51 000 a ton after it surged almost 40% in 2025. A military-led crackdown on miners in the second-biggest producer Indonesia crimped supply last year and the industry is waiting to see how exports unfold in coming months.<\/p>\n
Aluminium rose 0.1% to $3 187.50 a ton on the LME as of 12:12 p.m. in Shanghai, while tin climbed 1.1% to $48,470. Iron ore futures dipped 0.1% to $109.10 a ton in Singapore after closing at the highest level since October 2024 on Monday.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
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