首页|Tin-The soldering metal rises on supply disruption
Tin-The soldering metal rises on supply disruption
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NSTL
Despite coming under pressure during the week, tin prices have recovered strongly on the back of consistent news of supply disruptions, according to James Willoughby, Market Analyst at International Tin Association (ITA). Moreover, demand for tin used in electronics soared to record highs in the first half of 2021, outpacing supply and underpinning a more than 52% price rally on the London Metals Exchange in the past six months, new analysis by IndexBox, Inc. shows. A deficit in shipping containers caused delays in deliveries from Southeast Asia and Latin America while the pandemic spurred a decline in unrefined tin exports from Indonesia. Both of these factors led to a shortage of tin on the global market. As a result, in just six months, prices for the metal grew 1.5 times on the London exchange from $20,540 per tonne in December 2020 to $31,264 per tonne in June 2021.
NSTL
