Tin Rises to Record on Shrinking Stockpiles, Supply Disruptions
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Tin rose to a record in London as declining stockpiles and mining disruptions heightened speculation that supplies won’t be adequate for demand.
Stockpiles tracked by the London Metal Exchange have dropped 53 percent this year, according to LME data. Tin exports from Indonesia, the biggest exporter, for the first eight months this year fell to 60,107 metric tons from 67,797.54 tons a year earlier, the Ministry of Trade in Jakarta said on Sept. 22.