Desperate buyers anticipating shipping delays have paid whatever it takes to keep their operations going, Fastmarkets understands. US supply of tin is entirely imported, and there is almost none in the country, with not even one pound of tin available in the London Metal Exchange warehouses in the US.
This has resulted in the US tin premiums soaring by at least 50% since the recent rally began in early December 2020.
Fastmarkets’ assessment of the tin 99.85% ingot premium, in-whs Baltimore was $700-820 per tonne on Tuesday January 12, up by...
