Wild ride as tin tips towards scarcity pricing


The extreme premium for cash metal has drawn some metal into LME warehouses. Inflows totalled 705 tonnes last week, most of it arriving at Malaysia's Port Klang.

LONDON: The bulls are running riot across industrial metals markets as investors bet on global COVID-19 recovery.

Copper has grabbed the headlines by surging past $9,000 a tonne for the first time since 2011, but wildest of all is the tin market.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

LME , tin , copper , Port Klang , warehouse ,

   

Next In Business News

Eupe fourth-quarter profit rises 29%
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
US solar makers seek additional tariffs on panel imports from Asia
A test bed for airline subscription model
Pantech seeks to list steel pipe units
AI memory boom propels SK Hynix’s numbers
Battery stocks’ rally in India likely to extend
Congo accuses Apple of using ‘blood minerals’ from war-torn east
Higher earnings for Pavilion-REIT

Others Also Read