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.
Michael Jansen, managing director of metals research at JPMorgan Chase & Co. in London, left the company, spokesman Patrick Burton in London said.
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.
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Copper demand will outstrip supply for the next two years as the economy recovers, China sustains consumption and mine output drops, Japan’s top producer said.
Copper rose to a record in London on speculation that demand will outpace supply as the global economy extends a recovery.
Growth of copper consumption in China, the world’s biggest user, may almost halve this year as the government curbs monetary expansion, cooling demand, said Michael Jansen , metals strategist at JPMorgan Securities Ltd.
The following are the top stories on metals, agriculture and shipping.