Resurfacing concerns over Indonesian tin supply boosted the standard ingot grade premium in the week to Tuesday July 3, while the low-lead premium ticked lower on weak spot demand; other premiums were unchanged on balanced fundamentals.
Indonesian supply issues elevate European standard grade premium Low-lead premium pressured down on lower demand United States, China premiums flat on balanced supply/demand fundamentals European 99.9% premium edges a touch higher, but low-lead rate drops The premium for 99.9% tin in Europe has increased by $10 in the past week amid renewed concerns for supply from Indonesia following a drop in exports in June and talks that stricter child labor laws could reduce output at many local smelters. The 99.9% standard ingot grade with 300 parts per million (ppm) lead content premium rose to $320-350 per tonne in-warehouse Rotterdam on Tuesday from $310-340 a week ago. "I'm hearing that many smelters will be affected by tighter child labor laws in Indonesia," a tin trader said. "Apple and [other] big companies won't allow [this issue] to go on until 2022." Indonesia has pledged to eliminate all forms of child...