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Tin Gains Most in Four Months as Fed’s Rate Pledge Boosts Demand

Tin climbed the most in almost four months in London as prospects of low U.S. interest rates at least until 2014 boosted speculation of increased demand for the metal used in mobile phones, plasma screens and cars.

The surge has made tin this year’s second-best performing commodity of 80 raw materials after being the biggest loser of industrial metals in 2011, according to data compiled by Bloomberg. The Federal Reserve’s commitment to keep U.S. interest rates near a record low through 2014 also sent copper