FX.co ★ Tin Rises Toward 3-Month High

Tin futures have climbed to $33,700 per tonne, marking their peak in nearly three months, driven by the resurgence of trade flows in China and ongoing supply concerns. A notable development is the mutual decision by the United States and China to refrain from reigniting the trade conflict, which had previously resulted in tariff exchanges pushing new levies above 140%. This move underscores a shared focus on fostering growth in manufacturing sectors rather than adhering to protectionist policies. Additionally, factories have benefited from the People's Bank of China's (PBoC) measures to boost demand through reductions in loan prime rates and liquidity rates. From a supply perspective, authorities in Myanmar's Wa State have indicated they might resume issuing tin mining quotas, following an extended suspension. However, the recent earthquakes that have severely impacted the region have further delayed the resumption of production. Concurrently, Alphamin Resources, a major tin producer, has resumed operations at its mine in the Democratic Republic of Congo. This follows disruptions caused by insurgent activity, which previously led to the evacuation of workers.