http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEBUzq3emYno
Tin Record
Tin rose for a fourth day, reaching a record $21,625 a ton by 4:03 p.m.
in Singapore, as China and Indonesia, the world's largest producers, curbed
supplies. Supplies lagged demand by 4,000 tons for the first two months this
year, the World Bureau of Metal Statistics said yesterday.
Yunnan Tin Co., the biggest producer, said shipments from China were
impossible in the near term because of an export duty. The country produced
31,300 tons of tin in the first quarter, down 13 percent from a year earlier.
Indonesia, the second-largest producing nation after China, may cap
output at 100,000 tons a year to extend mine life and limit damage to the
environment, a government official said April 15.
Tin prices surged 44 percent in the past year amid rising demand for
the metal used in soldering and a crackdown on illegal mining practices in
Indonesia.
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