Tin Advances Slightly Amid Weak US Jobs Data

Reuters reported that tin advanced slightly at 0.6% on the LME amid a weak jobs data in the US, which dampened the demand for most metals.

As quoted in the market news:

Friday’s data showed American employers hired at the slowest pace in nine months in March, a sign that Washington’s austerity drive could be stealing momentum from the economy.

Concerns had already been growing about the outlook for the U.S. economic recovery after weaker-than-expected data earlier this week on manufacturing activity and private sector hiring.

Click here to read the full Reuters report.