FORGET about copper for just a moment. The real bull star on the London Metal Exchange (LME) right now is tin, with year-to-date gains of 41% eclipsing even the red metal’s 33% price rise.
Fund managers have overcome their previous reticence about committing money to such a small, sometimes illiquid market and have accumulated record long positions on the LME tin contract.
Rising speculative interest reflects a growing awareness that tin’s primary use is no longer mundane sardine cans but circuit boards. No tin, no electronics.
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