LONDON — Tin prices are slipping — slightly — on the London Metal Exchange after matching an 18-year high of $15,700 a ton last week. Supplies of the metal, a key element in electronics solder and plating, have been under pressure due to disruptions in Indonesia and Bolivia.
Indonesia tin production is expected to fall roughly 30% this year, according to the tin trade group
ITRI, following a government crackdown on illegal mining last fall.
Indonesia is the world's second-largest tin producer, after China.
Copper prices are also dipping as inventories rose to their highest point in a month.
China, the world's largest user, imported 6.8% less copper in June versus May. However, strikes in Montreal and Chile at two of the world's four largest copper producers have slowed production and refining operations.
Lead, which also set a record last week, declined 3.1% today.