Tin May Surge to $40,000 on Global Deficit

Bloomberg.com reports that tin may reach record prices.

The story is quoted as saying:

“You still have upside,” Mohd. Ajib Anuar, group chief executive officer of Malaysia’s largest producer, said in an interview. A price of $35,000 to $40,000 in the next five years “is not impossible” as demand climbs, new mines take longer than expected to start output, and ore quality drops, Anuar said.

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