Tin re-balances but investors are still betting on scarcity: Andy Home - BNN Bloomberg
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Article Excerpt
LONDON — What will tame the wild tin market?
The smallest of the London Metal Exchange (LME) base metal contracts continues to defy market gravity.
LME three-month tin CMSN3 is trading at US$55,225 per metric ton, close to the all-time high of US$59,040 reached during the frenzied cross-metals rally in January.
To put that into context, the previous record was US$51,000 per ton in March 2022, when metals prices surged in reaction to Russia’s full-scale invasion of Ukraine.
Latest updates on commodities here
The London tin price is up by 36 per cent since the start of the year. The next be…
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