Commodities: Markets Extend Gains on Hopes of EU Recovery

Reuters reported commodities bounded higher on fresh hopes that European leaders would iron out the region’s debt problems.

The market news is quoted as saying,

Tin prices were given a boost by smelters in Indonesia’s
main tin-producing region of Bangka island planning to impose
a full export ban on tin ingot from Oct. 1 until global prices
recover.

Three-month tin CMSN3 jumped 6.8 percent, while tin
premiums for delivery to Europe from the Kuala Lumpur market
leapt to $1,180.

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