Prices outperform so far in October... The emergence of fresh buying in favour of LME tin (evident in the rise in open interest) since the start of the month is driven by the market’s realization that supply dynamics are much tighter than...
The LME tin price has gained roughly 6% since the start of October, in contrast with a much more subdued performance for the broader LMEX (+1% over the corresponding period). This compares with a sell-off of 19% in the first three quarters of the year, when tin underperformed the LMEX.
...as supply cuts start to be priced in
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