Tin’s Drop May Endanger Producers, Malaysia Smelting Says

Bloomberg reported tin prices that have dropped 41 percent from a record in April may endanger smaller producers of the metal.

As quoted in the market news:

Smaller producers of tin, used in solders that join metals together and in packaging, face output costs of $20,000 to $25,000 a metric ton, according to Anuar. Tin for delivery in three months traded at $19,925 by 12:57 p.m. on the London Metal Exchange, compared with the all-time high of $33,600 reached April 11.

Click here to read the full Bloomberg report.