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Tin Prices Climb Out of Doldrums as Demand Rises in Thailand.

Bangkok Post (Bangkok, Thailand)

| May 07, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

May 7--Rising tin prices in recent months reflect an upward trend in the market, according to Anusorn Nuengpholmark, director-general of the Department of Primary Industries and Mines.

The market has shown remarkable improvement since late last year, he said, adding that prices on the Kuala Lumpur Tin Market (KLTM) continued to rise from January to April.

Average prices reached US$7,570 per tonne in March -- up from $6,520 in January -- before hitting $9,500 early last month.

Continued depletion of tin stockpiles at the London Metal Exchange (LME) and higher consumption by tin-consuming countries as a result of the healthier world economy are ...

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