Tin Plunges $530

Reuters reported on base metals trading in China on Friday, noting tin plunged downward.

As quoted in the market news:

Tin plunged $530 to end at $23,475 a tonne.

China has raised a resource tax on iron, tin, molybdenum, magnesium, talc, and boron in a move aimed at conserving resources and curbing pollution, an official newspaper said.

Click here to read the full Reuters report.