LME tin gains 2.4% as Itri predicts DRC embargo
London 09 November 2010 17:08
Tin exceeded its opening price by 2.4% in Tuesday's official trading on the London Metal Exchange, a day after industry body Itri announced that the market will refuse to accept untraceable material from the Democratic Republic of Congo and surrounding countries from April 2011. It will add more flame to the fire, especially if youre a bit short, a category II trader told MB. Three-month tin settled at $27,300/350 per tonne in the...
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