Commodities Update
Can tin producers wait long enough for higher prices?
Tin is caught in a battle between Indonesian producers, who have halted exports as they wait for the metal’s price to rise from $21,500 to $25,000 per tonne, and consumers hoping exports will resume before prices recover to this level. We expect consumers to win this tug of war and prices to average less than $20,000 over the next few years.
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