Tin Hits Record On Supply Fears
Posted on December 28th, 2006 by MoverMike
From Forbes,
On Wednesday, the price of tin skyrocketed to a 17-year high. On the London Metal Exchange, the price per ton for delivery in three months reached $11,350, the highest level since 1989.
[…]
According to data collected by Societe Generale, the shortage of tin supplies will rise to 25,000 tons in 2007 from a deficit of 3,000 tons in 2006.
Tin consumption is rising in part, according to BaseMetals.com, because of increasing environmental pressure placed on solder manufacturers to eliminate lead. As a consequence, the amount of tin content in solder, used to join metal in electronics and plumbing, has climbed to 97% from 30%.(emphasis added)
But, there is no inflation!
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