The comments coincided with tin hitting its highest price of the year on the London Metal Exchange, but the rise is generally attributed more to speculation than physical demand. Tin continued to be put into LME warehouses, rather than consumed, although the metal traded above $18,000 per tonne on Monday
, Fastmarkets reported.
“In the short run, we expect refined tin production to pick up over H2 2020, relative to H1 2020, but see output overall contracting by 2.6% y-o-y in 2020,” Fitch said.
“We forecast global refined tin...