SteelMint

Tag: Fed rate cut expectations

  • LME tin rallies to 4-year high despite weak downstream demand

    LME tin rallies to 4-year high despite weak downstream demand

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    by

    Neha TU
    in

    LME tin inventories rise sharply w-o-w High prices dampen downstream buying interest Tin prices on the London Metal Exchange (LME) surged to a four-year high level in the week ended 19 December (week 51) as weaker-than-expected US inflation fuelled expectations of Fed rate cuts, pressured the US dollar, and drove fund inflows into commodities despite…