Buoyant demand pushes up tin price

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Wed, Apr 22, 2009

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Tin Investing News reports tin prices in Malaysia jumped 7.5% to a 4 month high.

Tin price had peaked at $25,495/t in May 2008, but then slumped by more than 50 per cent in five months, due to the global financial crisis. Prices are volatile but have found support at $11,000/t. The Resource Capital Research (RCR) group anticipates that tin will trade in the $9,000/t-$15,000/t range in 2009, with an average price of US$ 12,750/t.

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