Tin Rises to Two-Week High as U.S. Factory Orders Climb
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Tin prices in London rose to a two-week high, pacing gains by most industrial metals, as a report showed U.S. factory orders increased.
Orders placed with U.S. factories rose 2.1 percent in May, the Commerce Department said today. The median forecast of 61 economists in a Bloomberg survey called for a 2 percent increase. General Motors Co. and Ford Motor Co. said new-vehicle deliveries in June topped estimates in the U.S. as the industry selling pace may have accelerated to the fastest in 66 months.