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Bloomberg reported that Indonesia, which is the world’s largest supplier of tin, is set to ship the least metal in 10 years, thus extending the supply shortage to a fourth year. It is expected that tin prices will rise 17% on the London Metal Exchange.
Bloomberg reported that Indonesia, which is the world’s largest supplier of tin, is set to ship the least metal in 10 years, thus extending the supply shortage to a fourth year. It is expected that tin prices will rise 17% on the London Metal Exchange.
As quoted in the market news:
Tin climbed 22 percent in 2012, more than any other LME metal, after supply contracted the most since at least 2005.
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