KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) will be closed for trading next week following the suspension of Malaysia Smelting Corp Bhd’s (MSC) operations during the Full Movement Control Order (FMCO) period, said a dealer.
The Kuala Lumpur Tin Market (KLTM) closed at a 10-year high of US$30,700 per tonne today, rising by US$450 from US$30,250 per tonne on Tuesday due to stronger demand from buyers.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed at a 10-year high of US$30,700 per tonne today, rising by US$450 from US$30,250 per tonne on Tuesday due to stronger demand from buyers, a dealer said.
He said the last time the KLTM had breached the US$33,000 per tonne level was in April 2011. The significant price hike was also in line with the metal’s upward momentum on the London Metal Exchange (LME), ” he said to Bernama, adding that the tin price rose by US$1,030 to end at US$29,330 per tonne on the LME.
Quick take: MSC rises as metals prices rally thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.