Tin price to keep rising …
Electronic industry saw a massive spike in demand during the Covid-19 pandemic due to the increased sales of medical as well as home equipment and personal devices.
“The slow pace at which global tin supply has recovered from the Covid-19 pandemic has been significantly outpaced by the rapid recovery in demand, especially as tin is used in electronics,” Fitch said.
Tin prices are expected to continue rising in the coming weeks due to uncertainty over a proposed metal export ban from Indonesia, the world’s largest refined tin producer.
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Indonesia plans export halt …
After having surged to record highs with rates topping $40,000 a tonne on Wednesday, tin prices are expected to rule firm over the next few weeks as Indonesia plans to stop the soldering metal’s exports from 2024 to attract investments in downstream industries.
Tin price to keep rising … Electronic industry saw a massive...
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