Reported about 15 hours ago
Citi Research has raised its average tin price forecast for the first quarter of 2025 to $32,000 per metric ton, up from $29,000, citing strong market conditions ahead of new tariffs. However, they anticipate a decline in prices starting in the second quarter, maintaining a bearish target of $27,000 due to tariff challenges, increased Indonesian shipments, and potential mining resumption in Myanmar, which could stabilize supply.
Source: YAHOO