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Bloomberg reported tin prices in London jumped to a two-month high on speculation that supply will trail demand after producers in Indonesia idled smelters.
Bloomberg reported tin prices in London jumped to a two-month high on speculation that supply will trail demand after producers in Indonesia idled smelters.
As quoted in the market news:
On the London Metal Exchange, tin for delivery in three month climbed 2.9 percent to $19,500 a metric ton at 5:51 p.m. The metal reached $19,525, the highest since June 20. The commodity gained for the fifth straight session, the longest rally since late April.
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