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LONDON (Reuters) - Rapidly rising tin demand from electronics firms, together with supply and shipping disruptions and historically low inventories, are in the near term likely to buttress prices of the soldering metal that have shot up to nine-year highs.
Tin prices on the London Metal Exchange are close to $25,550 a tonne, the highest since February 2012, after a gain of 24% so far this year.
Consumption of tin, also used in the manufacture of chemicals and lead-acid batteries and to coat steel cans to prevent corrosion, outpaced supply last year.
(Graphic: Tin demand breakdown: )
James Willoughby, analyst at the International Tin Association, estimates supplies dropped 8% to 327,200 tonnes last year, leaving a deficit of 15,000 tonnes.
Sri Lankan shares ended at more than a month's low on Tuesday, extending losses for a second session, hurt by declines in industrial and financial stocks.
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Feb 12 (Reuters) - Sri Lankan shares snapped four sessions of losses to close 5% higher on Friday, as financial and industrial stocks rebounded. The benchmark stock index ended up 5.1% at 7,985. Still, it shed 3.5% for the week, but is up 17.9% so far this year. The Sri Lankan rupee was last quoted at 194 against the U.S. dollar as of 1057 GMT, 0.26% lower for the day compared with last session’s close of 193.5, according to Refinitiv data. Trading volume on the CSE All Share Index fell to 184.8 million from 198 million in the previous session. Ceramic wall tiles maker Lanka Walltiles Plc surged 34.4% and was the top percentage gainer on the index
By Reuters Staff
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Feb 8 (Reuters) - Sri Lankan shares closed lower on Monday, dragged by losses in financial and industrial stocks. The benchmark stock index ended down 2% at 8,113.26. It fell 2% in the past week and is up 19.8% for the year so far. Trading volume on the CSE All Share Index fell to 142.8 million from 110 million in the previous session. Conglomerate Lanka Orix Leasing Company and Vallibel One Plc were the top two drags to the benchmark, falling 6.8% each. Foreign investors were net sellers, offloading 444 million Sri Lankan rupees ($2.28 million) worth of shares, according to exchange data. Equity market turnover was 4.80 billion rupees, exchange data showed.