Tin Falls on US Credit Rating Drop

Bloomberg reports that base metals fell on a downgrade to the US credit rating by Standard and Poor’s.

The market news is quoted as saying,

Tin fell $1,155, or 4.5 percent, to $24,350 a ton. Earlier, the metal touched $23,165, the lowest since Sept. 22. This week, the price dropped 13 percent, the most since July 2009.

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