The global tin supply squeeze shows no sign of abating, pushing United States premiums close to $2,000 per tonne and European premiums to new all-time highs in the two weeks to Tuesday March 23.
European, United States premiums hit all-time highs; supply tightness continues globallyTaiwan cif premium holds at $400-500 per tonneTin cash-to-three-month spread hovers around $2,000-per-tonne backwardation since March 17London Metal Exchange stocks at 1,685 tonnes on March 24, lowest since February 24. Tin concentrate imports into China fell by 14% year-on-year in January-February to 20,500 tonnes, according to Chinese customs data. Myanmar imports fall by 26.5% over the same period. Another spurt for US tin premiums follows a brief pauseDeals detailed...