Tin Demand Rises as Prices End Slump
Bloomberg reported an increased demand for electronics has seen a direct affect on the price and demand of tin.
As quoted in the market news:
Demand will outpace supply for a third consecutive year, with the 9,400-metric-ton shortage seen by ITRI Ltd., a St. Albans, England-based industry group, enough to make about 9 billion mobile phones. London Metal Exchange inventories fell 53 percent since August to the lowest since April 2009. Prices may rise as much as 20 percent to $26,000 a ton in 2012, the median of 17 analyst and trader estimates compiled by Bloomberg show.
Click here to read the full Bloomberg report.
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Tue, Jan 17, 2012
Post by Melissa West, Tin Researcher