Tin Jumps to Record as Stockpiles Drop, Indonesian Exports Fall
This article is for subscribers only.
Tin, the best performer this year on the London Metal Exchange, advanced to a record on shrinking global inventories and dwindling supplies from Indonesia, the world’s largest exporter.
The metal for three-month delivery on the LME rose as much as 1.8 percent to $27,250 a metric ton, and traded at that price at 4:01 p.m. in Singapore. Tin, used as a solder and in packaging, has advanced 61 percent this year.