Tin May Surge to $40,000, Malaysia Smelting Predicts
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Tin, the best performer last year of the six principal base metals traded in London, may rally to a record $40,000 per metric ton as global supply may lag behind demand until at least 2013, according to Malaysia Smelting Corp.
“You still have upside,” Mohd. Ajib Anuar, group chief executive officer of Malaysia’s largest producer, said in an interview. A price of $35,000 to $40,000 in the next five years “is not impossible” as demand climbs, new mines take longer than expected to start output, and ore quality drops, Anuar said.