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Base Metals Shine in Tumultuous 2021 While Iron Ore Falters

  • Tin is top exchange-traded metal, with 91% advance in 2021
  • China expected to use stimulus measures to boost economy
Updated on

Metals are capping off a tumultuous 2021 dominated by supply squeezes, China’s property-led economic slowdown and a global energy crisis that hints at more disruptions to come.

This year saw copper hitting a record as the pandemic roiled supply and demand, but tin was the star performer as base metals marched higher. Gold bulls were ultimately left disappointed even as inflation raged. And iron ore suffered a boom-to-bust collapse from above $200 a ton to below $100 on China’s waning appetite.