Indonesia, the biggest tin supplier, is poised to ship the least metal in a decade, extending shortages into a fourth year at a time when surpluses are emerging for most other industrial metals.
Tin is the top pick among base metals for 2013, while platinum and palladium will outperform gold and silver in the next few years, said Michael Jansen, head of research at RK Capital Management LLP.
The following is a selection of the most important news affecting the oil market.
The world refined copper market is expected to have a 500,000-metric-ton to 600,000-ton deficit in 2011, even with a significantly weaker demand scenario, according to JPMorgan Securities Ltd.
The following are the day's top business stories:
Eskom Holdings Ltd., South Africa’s largest power supplier, may sell more international debt after demand for its $1.75 billion bond sale, the first in the U.S. currency, exceeded supply by more than 2 1/2 times.
The following are the top stories on metals, agriculture and shipping.
Copper rose for a second day in New York and London on a report of surging exports from China, the world’s largest consumer of the metal, and higher-than-estimated new loans.
Copper rose to a one-week high in New York and London after Greece moved toward securing a financial rescue package, easing concerns of an economic slowdown in the euro region.
Copper in London fell after China, the world’s largest user, stepped up measures to cool its economy and the dollar strengthened. Nickel declined from the highest level since May.
"Mine supply is expanding solidly in all LME base metals except for tin."
- Michael Jansen on Jan 14, 2013