"Tin futures rebounded toward $27,000 per tonne, after a massive selloff that saw the commodity price tumble more than 22% to a 14-month low on concerns slowing economic growth and persistent coronavirus outbreaks in top consumer China will dampen demand. Meanwhile, China announced the ease of Covid restrictions in Shanghai and Beijing and shortened the quarantine time for inbound visitors. Tin prices remain well above pre-pandemic levels amid rising demand from the electronics sector, where tin is used for circuit board manufacturing. Elsewhere, Malaysia Smelting, one of the world’s biggest tin producers, said it will increase its production by 20% over the next couple of years."
MLX Price at posting:
36.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)