Production costs to support tin prices in 2012 and beyond - Credit Suisse
Apr 13, 2012 | 07:49 AM
Rising costs of production will mean tin prices are likely to hold above $20,000 per tonne on the London Metal Exchange, according to analysts at Credit Suisse.
A floor has been set at about $18,000 per tonne, they said, and larger refiners’ covering of shortfalls has pushed the support level above $20,000 per tonne in 2012.
“At the global level, supply growth will likely continue to be relatively constrained, at least in the next few years,” the analysts said in a note on Friday April 13.
“Chinese and broader Asian demand should, therefore, be strong enough to keep the market finely balanced throughout our forecasting time horizon,” they added.
Renewed demand growth in more developed markets as economic recovery picks up speed is therefore likely....
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