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MARKET TALK: LME Tin May Gain On Indonesian Tin Co Woes

Monday, Feb 12, 2007
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LME tin likely to rise on newswire reports 3 senior officials at PT Koba Tin have been arrested for illegal mining, says HK based trader; "the (supply) situation is starting to get tight, this news would only aggravate it." LME 3-month tin last at $12,324/ton, down $1 from PM kerb, after gaining $175 in London Friday on supply concerns in Bolivia, Indonesia; trader adds tin may rally towards all-time high of $12,500 on Jan. 24 if more news of this kind continues.

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