KL Tin Price Closes at New High

Business Times reports that the tin price on the Kuala Lumpur Tin Market soared to another all-time high today, rising sharply by US$500 to settle at US$32,200 per tonne, as supply fears continued to pressure the price.

The market news is quoted as saying:

Similarly, the tin price on the London Metal Exchange (LME) also hit an all-time high of US$32,550, moving higher by US$750 per tonne on lower production,especially from the world’s second largest producer of the metal, Indonesia.

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