Base Metals Lose Footing Before EU Summit

Industrial Metals

Reuters reported base metals fell today on fresh doubts set about Europe’s ability to find a solution to its debt crisis.

Reuters reported base metals fell today on fresh doubts set about Europe’s ability to find a solution to its debt crisis.

As quoted in the market news,

In other metals, tin dropped $250 to close at $22,250 a tonne.

Tin smelters in Indonesia, the world’s top refined tin exporter, could impose a monthly quota that would slash shipments by about 40 percent, the Indonesian Tin Industry Association said, in a move to further boost prices.

Click here to read the full Reuters report. 

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