Bloomberg reported Malaysia Smelting Corp. said it sees “extreme tightness” in global tin stockpiles because of the Indonesian export ban.

As quoted in the market news:

Industry group ITRI Ltd. expects the world to be short of 11,100 metric tons of refined tin this year as producing countries such as Indonesia, China and Peru are struggling to meet demand for the metal, used to solder components in almost all electronic equipment. Tin climbed to a record $33,600 a metric ton on April 11. The metal for three-month delivery traded at $22,100 a ton today.

Click here to read the full Bloomberg report.