Trade group sees tin deficit by 2015 due to rise in demand
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London
THE global tin market is expected to fall into a deficit of 5,000 to 10,000 tonnes in 2015 from a balanced market this year following an improvement in demand, industry group ITRI said on Friday.
Benchmark three-month tin prices on the London Metal Exchange are expected to average US$22,000 per tonne in 2015, compared to about US$20,075 on Friday, Peter Kettle, ITRI markets manager, told a seminar in London.
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