Thursday, July 19, 2007

Tin Rises to 18-Year High on Production-Shortfall Concern; Zin Advances

(Bloomberg) -- Tin led gains in London, rising to
the highest since at least 1989, on speculation that supply
disruptions in Indonesia and Bolivia and increasing demand will
create a shortage of the metal. Lead climbed to a record.

Smelters in Indonesia, the world's second-largest tin
producer, after China, have been restarting production following
a government crackdown on illegal mining earlier this year. The
Bolivian government seized a smelter owned by Swiss commodity
trader Glencore International AG in February.


Read more at Bloomberg Commodities News

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