The Rise & Rise Of Tin

- August 21st, 2009

Tin Investing News reports tin prices have been rallying for the past few months in its highs and lows. An estimated 11.2 per cent fall in Indonesian tin exports in July to 8,778 tonnes, helped support the market, though exports for the first seven months of the year from the world’s second biggest producer of the … Continued

Tin Investing News reports tin prices have been rallying for the past few months in its highs and lows.

An estimated 11.2 per cent fall in Indonesian tin exports in July to 8,778 tonnes, helped support the market, though exports for the first seven months of the year from the world’s second biggest producer of the metal stand at 59,354, a 5 per cent increase on the same period a year ago.

“Commodities and equities have certainly been trading much closer recently,” said analyst Gayle Berry at Barclays Capital. “What we saw interestingly yesterday was buying emerging, especially for copper once prices dipped below $6,000 – maybe there’s not a huge amount of downside from here. I think the market has become much more positive about the outlook for the metals demand in the second half of the year,” Berry said.

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