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