Insight - High-flying tin takes a tumble as tightness eases

Profit-taking: Traders at the LME. Tin has been caught up in the broader risk-off trade playing out across the industrial metals markets. — Bloomberg

THE price of tin has crashed over the last few days.

London Metal Exchange (LME) three-month metal fell to a one-year low of US$30,405 (RM133,842) per tonne last Monday, extending a precipitous slide from March’s record high of US$51,000 (RM224,502).