MARKET TALK: LME Tin Seen Staying Firm Into Q2 '07

LME tin prices are set to remain at elevated levels into the second quarter, says Deutsche Bank. Prices are at multi-year highs due to the nationalization of the large-scale Vinto smelter in Bolivia and a vast reduction of shipments from Indonesia, Deutsche Bank notes. Rapid consumption growth and greater domestic use from the largest consumer, China, has also increased global requirements, Deutsche Bank adds. LME tin trades last at $13,550 a metric ton, up 2% from Friday.