ONE of the oldest commodities, tin is enjoying a revival in popularity at the moment.
Over the past seven months, the commodity has gained 22%, with average monthly prices shifting from US$15,110 per tonne in May to US$18,433 in November, according to data from the Kuala Lumpur Tin Market.
As at last Thursday, it was trading at US$19,430 per tonne.
International Tin Association market analyst James Willoughby says demand recovery for tin in recent months has been driving up prices.
“This recovery has been primarily in China, although we are beginning to hear more positive news out of Europe as well,” he tells The Edge.