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Bangkok Post
Bangkok Post
Business

Tin market spooked by Myanmar supply worries

Myanmar China Mining UWSA London
A tin mine is seen in Man Maw in ethnic Wa territory in northeastern Myanmar. (Reuters File Photo)

LONDON: Tin prices have leapt higher on news of a possible production halt in Myanmar, the world’s third-largest producer of the metal.

Three-month tin futures contracts on the London Metal Exchange jumped 11% on Monday to hit a two-month high of $27,705 per tonne and were last trading at $27,180. They took their lead from the Shanghai Futures Exchange (ShFE), which was already seeing record levels of trading activity before the latest turmoil.

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