tin prices may gain towards $24,480/ton

0026 GMT [Dow Jones] Technical indicators show tin prices are likely to gain,targeting $24,480/ton, Barclays says in a report. Tin prices closed Friday at $22,950, up 3.5% for the week and up 2.7% since the start of the year, underpinned by a ban on the export of unprocessed ore put in place by Indonesia last month--Indonesia is one of the
major suppliers of the metal. More generally, base metals could remain supported on upbeat sentiment after strong trade data from China last week. A weak USD also served to
attract buyers to metals, which are denominated in USD and appear cheaper to those holding other currencies. LME 3-month copper ended 0.6% higher Friday at $7,150/ton,
while aluminum closed up 0.2% at $1,745.50/ton. This week, HSBC's China manufacturing PMI for February is expected to provide further cues for the market.