Tin output in Indonesia's main tin producing area Bangka island were normal on Wednesday, while heavy rains that have hampered output in recent months are easing, industry sources said.
Benchmark tin on the London Metal Exchange hit a record high at $28,698 a tonne on
Wednesday, as persistent worries about supplies from top exporter Indonesia boosted prices.
Local miners and metal analysts still expect output to fall this year however, on a lack of investment and declining onshore reserves, which is likely to support prices. Source: Reuters
Benchmark tin on the London Metal Exchange hit a record high at $28,698 a tonne on
Wednesday, as persistent worries about supplies from top exporter Indonesia boosted prices.
Local miners and metal analysts still expect output to fall this year however, on a lack of investment and declining onshore reserves, which is likely to support prices. Source: Reuters
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