Global tin ingot premiums notched significant increases in the two weeks to Tuesday February 23, with premiums in both the United States and Taiwan reaching new highs; at the same time, tight global tin supply has begun affecting European business, prompting a 22% rise in the Rotterdam ingot premium.
US tin imports close to nil; premium surges to new high Taiwan tin trade gets liquidity boost amid mounting interestEuropean demand outweighs supply, with London Metal Exchange stocks drawn downMassive jumps in US tin premiumsA rally has been under way since December 1, 2020, driven by short supply, strong demand and disrupted shipments of an entirely imported commodity. Sources also pointed to sellers' rising costs - particularly ocean freight, plus financing a widening backwardation on the London Metal...