Tin Set To Recover,copper &lead have potentia
Wed, Feb 18, 2009
By Kishori Krishnan Exclusive to Tin Investing News
Tin may recover quickly if Chinese demand picks up
Sydney-based Resource Capital Research has hit a gold mine, with their comments: We think tin will be one of the first metals to recover once markets stabilise. Dont disregard the comment. Resource Capital Research (RCR) does have a point.
Unlike most of the other base metals, there is no growing tin surplus. Inventories held at the London Metal Exchange now sit at 8,820 tonnes, against a 52-week high of 11,430 tonnes. The RCR case is that a rebound in Chinese demand, coupled with the closing of mines in Indonesia, could trigger supply shortages.
So, there you have it. Shortages portend high prices. The future points to strong demand and short supplies. Copper, and lead have potential as well. It is time to pull down the hatch and adopt a wait-and-watch policy.
see link for extensive article