International Tin Council23 November 2023Dear readers,The LME...

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    International Tin Council

    1

    23 November 2023

    Dear readers,

    The LME tin market remains turbulent, with prices retreating from last week’s peak of 100, sharply descending today towards 300. Some alleviation of substantial short positions is not enough to counter bearish momentum fuelled by persistently weak demand. Indicators from China continue to be marginally more optimistic, especially on record solar installations. Developments in Wa State are complex, with a potential mine reopening initiative facing heightened uncertainty due to fallout from a telecommunications fraud clampdown and intensifying conflict in adjacent areas.

    Jeremy Pearce - Market Intelligence & Communications

    Last edited by edshann: 24/11/23
 
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