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Gold/Mining/Energy : Breakwater Resources (T.BWR)

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To: Giraffe who wrote (569)11/12/1998 8:27:00 AM
From: Giraffe  Read Replies (1) of 962
 
Slightly off-topic but possibly relevant to zinc price/supply...

METALS: Tin price recovers after Tuesday ploy
By Kenneth Gooding and Paul Solman

Strange things are happening in the London Metal Exchange's tin market. Not only has a supply squeeze developed but, traders suggest, a clever ploy on Tuesday forced the tin price down at a time when a big fall in stocks was revealed.

Stocks fell by 600 tonnes but so did the three-month tin price, by $80 to $5,425 a tonne. Yesterday, the price recovered by $25 but the squeeze continued and the premium for tin for immediate delivery, compared with three-month metal, remained $50 a tonne
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