Base Metals: Tin Prices Have Climbed On Worries

Reuters reported tin prices have climbed on worries about a supply shortfall after Indonesian producers said this month they would halt exports because of low prices.

As quoted in the market news:

Cash tin on the LME was evaluated at a $9 premium to three-month prices on Wednesday, compared with a premium of $1.50 on Tuesday.

LME data on Thursday showed one party held 40 to 50 percent of tin warrants; down from 50 to 80 percent in data released on Wednesday.

Click here to read the full Reuters report.