Bloomberg reported that tin is leading other industrial metals in decline, on concerns that Chinese demand may not be sufficient, with its government likely to introduce ways to lower property prices.
As quoted in the market news:
China may introduce more policies to curb property prices before or after the National People’s Congress annual session next month, China Business News reported, citing Xie Yifeng, head of the Asia-Pacific City Development Research Center’s real estate institute. A gauge of property stocks in the Shanghai index tumbled as much as 5.1 percent today, the most among five industry groups.
Get the Top Stories on Resource Investing FREE!Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.