The Tech Boom Is Sending Tin Prices Into The Stratosphere ...Middle East

OILPRICE - Economy
The Tech Boom Is Sending Tin Prices Into The Stratosphere
source : OILPRICE ( Middle East ) () 5
Tin prices have soared to a record high on the LME, closing last week at $34,177 per metric ton. The closing price marked an increase of 12.56% month over month. As we’ve noted in previous reports, increasing consumer demand for electronics has supported the tin price. Tin is also used as solder for joining pipes and electric circuits. Balanced market as tin prices rise Prices have surged amid a balanced global tin market. According to the World Bureau of Metal Statistics (WBMS), the global tin market posted a minuscule deficit of 1,400 tons…

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