Base Metals: Tin Falls From Record Highs

Reuters reported tin prices on the London Metal Exchange have fallen from record highs above $33,000 a tonne last year.

As quoted in the market news:

This week, Indonesia’s PT Timah said it had stopped selling tin on the spot market because of the low prices, cutting shipments this month.

Indonesian smelters have a track record of disrupting supplies to boost prices, and analysts are skeptical that the new export curbs will support prices due to the overall weak economic and investor sentiment.

Click here to read the full Reuters report.