Tin surges on sustained demand..., page-4

Tin finished over US$16k but those LME stock levels are the ones to watch, now sub 4K, at historic lows. 10k wiped ou by Bangka's closure... Armegeddotin on its way.

Toottttttt!!!!!

Headline base metal futures headed lower on the London Metal Exchange, with the notable exception of tin.

Tin (up 1.6%) contract rose after Indonesian producer Bangka revealed closure of its smelter in response to a government drive to preserve the environment. The facility will become a conservation area thereby reducing Indonesia’s tin exports by nearly 14%. The development follows recent flood problems in the country that had already hampered exports.

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