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Tin to shoot up from $20470 to $23,000 per ton in 2012

Posted on 09 December 2011

Tin prices to bounce back from $20470 (Wednesday’s LME closing price) to around $23,000 per metric ton in the next year, said Commerzbank in a research note.
According to Commerzbank, following a sharp price decline since the end of July, Indonesian tin producers imposed an export ban on themselves in a bid to prop up the price. Tin fell from a high of $29,000 in July to a low of $17,000 in September and was at $20,505 just before 8 a.m. EST Thursday………………………………………..Full Article: Source


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