Base Metals: Tin Drops to Four-Month Low

Reuters reported on base metals trading on Monday noting tin fell dramatically.

As quoted in the market news:

In other metals, tin shed $425 to close at $20,050 a tonne, having hit a four-month low of $20,007 a tonne earlier.

Indonesia, the world’s largest tin exporter, plans to introduce new quotas to limit mineral exports, as well as a 20 percent duty on mineral exports by certain companies, Indonesian government officials said on Friday.

Click here to read the full Reuters report.