MARKET TALK: LME Tin To See More Record Highs, Indonesia

LME tin is due to set further all-time highs as supply concerns in Indonesia, the world's largets tin producer, continue, says a trader. "The political situation in Indonesia remains difficult with a power struggle going on between capital Jakarta and the country's tin producing areas. It doesn't appear the situation will be resolved quickly," he says. In October the Indonesian government moved to shut down illegal tin smelters, citing a lack of licenses. LME 3-month tin is at $11,200/ton, up $105 on the Friday PM kerb.