LME tin hits all-time high on supply worries

Dec 27, 2006 | 11:28 AM | Matthew Lerner

Tin prices could go even higher after setting records Wednesday as disruptions to Indonesian exports persist with no immediate end in sight.

Three-month tin ended the final kerb session on the London Metal Exchange at a record high of $11,550 per tonne. The metal had closed Friday's final kerb session at $11,100 per tonne. The LME was closed Monday and Tuesday for the Christmas and Boxing Day holidays.

As the government in Indonesia, one of the world's leading tin suppliers, considers an export license system on the heels of shutting down many of the island nation's independent smelters, prices could push higher because of supply concerns, sources said.....

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