Tin price sets record high at $17,050
Thursday, 9 August 2007
LONDON, Aug 8 (AFP): The price of tin struck an historic peak here yesterday amid tight supplies of the base metal.
On the London Metal Exchange (LME) the price of tin for delivery in three months reached 17,050 dollars a tonne-the highest point since 1989 when it was re-introduced on the London market.
The metal has regularly hit new heights this year as Indonesia, the world's second largest producer after China, stamps out illegal tin mining and smelting.
On the London Metal Exchange (LME) the price of tin for delivery in three months reached 17,050 dollars a tonne-the highest point since 1989 when it was re-introduced on the London market.
The metal has regularly hit new heights this year as Indonesia, the world's second largest producer after China, stamps out illegal tin mining and smelting.