Tin Climbs After Indonesian Exports Slump Amid New Purity Rules
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Tin rose in London for the second time in three sessions after exports from Indonesia, the world’s largest supplier, slumped the most in 18 months.
Shipments last month fell 42 percent to 6,465.95 metric tons from 11,111.38 tons in June, the biggest drop since January 2012, Trade Ministry data showed yesterday. Tin prices are up 7.8 percent this month amid concern that supplies will tighten as Indonesia’s new purity standards come into force, raising the minimum tin-content limit.