Tin’s Drop May Endanger Producers, Malaysia Smelting Says
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Tin prices that have dropped 41 percent from a record in April may endanger smaller producers of the metal, according to Malaysia Smelting Co.
“Twenty percent of the world’s producers will go out of business at the current price level,” Chief Executive Officer Mohammad Ajib Anuar said in an interview in London today. “It can happen very quickly because they are sensitive to prices.”