Tin May Surge to $40,000 on Global Deficit

- January 18th, 2011

Bloomberg.com reports that tin may reach record prices.

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.

To access the full story, click here.

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