GLOBAL TIN WRAP: US tin shortages see premiums continue to rise; Europe trade quiet

Tin premiums in the United States continued their pronounced rise in the week to Tuesday January 12, with shortages of material in the region driving continued panic-buying, while the metal's soaring price and tight spreads on the London Metal Exchange limited the spot-market opportunities in Europe.

Panic buying sees US market strengthenEuropean demand hits plateau despite short supplyLME price breaches $21,000 per tonne.
US tin consumers squeezed as premiums rocket
Extreme tin shortages in the US catapulted the Baltimore and Midwest premiums to their highest-ever levels in Fastmarkets' latest assessments on January 12, gaining by 32% and 44% respectively in the past two weeks.
What was a normally small and stable market has erupted, with no tin being produced in the country and imports expected to be delayed amid shipping problems caused by the Covid-19 pandemic.

The premium for tin delivered to consumers' premises showed the biggest jump on Tuesday, with an increase of $275 per tonne at the assessment midpoint since December 29. Some isolated delivered sales and offers, outside Fastmarkets' range, were reported as much...

Silver outperformance driven by weak supply growth

Supply data still points to major silver deficit this year

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history