Tin prices surged to above $24,800 per tonne for the first time since January 2013, supported by higher demand for electric vehicles, growth in US home building, and as remote working boosted demand for computers and other electronic devices. Demand is also surging in China, which is stockpiling the metal to meet its goal of self-sufficiency in semiconductors. Recently, a global shortage of empty shipping containers also disrupted the flow of refined tin. According to the International Tin Association, the global market has been in a supply deficit for the last three years.
AVZ Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
