Reuters reported that Indonesia, the world’s top exporter of refined tin, is working on boosting exports of finished products. The government’s focus now is to add value to exports, which make smelters unnecessary.
Reuters reported that tin fell close to 7% in the London Metal Exchange on a disappointing Chinese economic data.
Bloomberg reported that tin shipments from Indonesia in March climbed 11.3% to 9,295.7 metric tons on increased purchases from Singapore and Malaysia.
Reuters reported that tin advanced slightly at 0.6% on the LME amid a weak jobs data in the US, which dampened the demand for most metals.
Bloomberg reported that tin declined most in a week and lost as much as 1.3% on the London Metal Exchange on news that further property limitations in China may hurt demand.
Reuters reported that an attack by about 300 rebels on Congo’s Lubumbashi has hurt the image of the country’s mining hub, which produces huge amounts of tin, according to Katanga’s governor, Moise Katumbi.
Bloomberg reported that industrial metals like tin have advanced as economic data from the United States and China boosted demand.
Reuters reported that nickel has fallen .1% as a solid US economy got another boost from a stronger dollar.
Reuters reported that tin climbed 0.8% as US weekly jobless claims fell unexpectedly.
Bloomberg reported that tin advanced 0.8% on positive US economic data, its highest since January 30.
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