"Three-months tin prices hit a record high overnight for the second session in a row, touching $US18,000 per tonne. The metal ended the day at $US17,950, up $US180 from yesterday's close.
“It is a market that's starved for supply,” Mr Bhar at UBS said.
Weekend news that police sealed off a barge loaded with tin ore in Indonesia's main tin-producing Bangka-Belitung islands because it lacked correct papers helped the metal.
Suspension of all mining in the tin ore-rich Walikale district in Democratic Republic of Congo also added to the supply worries.
“Upside set to continue amid a continuation of positive sentiment,” Triland Metals said in a research note "
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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