ITRI LME week view on the tin market

Industrial Metals

Tin consumption fell from October/November 2008 and hit bottom around February/March last year, reports ITRI. However demand steadied and recovered in the second half of last year, helped by enormous (and unrepeatable) government monetary and fiscal stimulus packages and has bounced back strongly in 2010. ITRI ( NASDAQ:ITRI) estimates the world refined tin demand will rise […]

Tin consumption fell from October/November 2008 and hit bottom around February/March last year, reports ITRI.

However demand steadied and recovered in the second half of last year, helped by enormous (and unrepeatable) government monetary and fiscal stimulus packages and has bounced back strongly in 2010. ITRI ( NASDAQ:ITRI) estimates the world refined tin demand will rise by about 15% to some 345,000 tonnes this year – although this is still short of the all-time peak of over 360,000 tonnes reached in 2006.

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