Base Metals: Tin Shipments Fall 14 Percent

Reuters reported refined tin shipments from Indonesia fell 14 percent in July from the previous month.

As quoted in the market news:

LME tin prices have fallen from record highs above $33,000 a tonne last year, with demand and the outlook hit by the global economic slowdown.

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.

Click here to read the full Reuters report.