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Reuters reports that tin and other base metals are up on tight supply.
Reuters reports that tin and other base metals are up on tight supply.
The market news is quoted as saying,
Tin was at $27,495 from $27,400. Adding to support for prices, Indonesia’s Timah, the world’s largest integrated tin miner, expects a slight decline in sales, according to a local newspaper report.
Production and sales of refined tin were forecast to reach 40,000 tonnes in 2011, down slightly from 40,413 tonnes in 2010 due to competition from illegal miners in the main producing island of Bangka and Belitung.
For the complete market news, click here.