Base Metals Drop

Bloomberg reported base metals fell, after Chinese Premier Wen Jiabao said the government will maintain property curbs and the dollar jumped.

As quoted in the market news,

Tin fell 0.5 percent to $22,000 per ton.

Fifteen tin producers in Indonesia, the world’s largest shipper, agreed to extend a self-imposed ban on exports until the end of the year to help boost prices, Johan Murod, director at PT Bangka Belitung Timah Sejahtera, a group of six smelters, said on Oct. 28.

Click here to read the full Bloomberg report.