FX.co ★ Tin Rebounds to 2-Week High

Tin futures experienced an upswing to $32,700 in June, marking their highest point in over two weeks, fueled by renewed optimism from improved trade relations between the United States and China. Market sentiment was further invigorated by high-level trade discussions held in London between U.S. and Chinese officials, emphasizing the reduction of tensions concerning rare earth mineral exports and access to advanced technology. Both nations reaffirmed their commitment to normalizing trade flows and addressing long-standing disputes over essential materials. This optimism was further enhanced by the purchase of a majority stake in Alphamin Resources, a leading tin producer based in the Democratic Republic of Congo, by UAE-based International Resources Holding (IRH). This strategic acquisition underscores the growing global interest in Africa’s critical minerals sector and is anticipated to boost Alphamin’s production capacity and market presence.