You're right about the solid resistance at $33k on the Tin price. The draw down on the SHFE stock also seems to be slowing. It's hard to see a catalyst for MLX to go much higher, but the buyback should provide a solid floor. Barring some dramatic news I suspect we'll be range bound for a while, it's a pity all the supply constraints seem to have aligned with a drop off in Chinese demand. The only excitement on the horizon at the moment is a bit of M&A... which could go either way!
MLX Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
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