From MetalMiner:
Predictions made in early August by Stephen Briggs, metals strategist at BNP Paribas that tin would move above $20,000 a ton before the end of 2010 are looking both prescient and conservative from our position today. We will remind MetalMiner readers that we did suggest buying forward tin requirements on August 4, based on that analysis.
Tin prices rose this week to a two-year high, less than 10% below the metal’s all-time high set in mid-2008, and is showing every chance of continuing to rise further as supply constraints push the market into deficit.
A Reuters article explains that tin prices have surged because...
Read full article...
More on commodities:
Richard Russell: "Gold fever" is coming
Inflation warning: "Boring" metals are surging, too
Mania watch: Gold hits new record for the third time this week