Yes they previously had tin hedges. Quite common when the company is in debt as mgmt want to lock in future revenues to guarantee debt repayments. But I don't expect anymore hegding going forward (since debt will be paid off) and tin is going ballistic.
@arsenic - At 30 June 2020, they hedged 2,010t of tin at $24,911 (note 4 and 16 of the financials).
By end of Sep 2020, they closed out 1,890t.
Not sure what happened to the balance of 120t. but it's gone.
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