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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here