Hardika Singh, Wall Street Journal, quotes our own Ed Meir, in an article highlighting the rally in tin prices, here…
“The rally highlights investor bets that there won’t be enough tin supply moving forward. Tin is used to produce solder, a melted metal that connects computer chips to circuit boards, so demand has skyrocketed alongside purchases of consumer electronics during the pandemic. ”
Ed’s quote:
“You’re going to book tin from four different suppliers, hoping that one of them will deliver on time,” said Edward Meir, a consultant focused on metals at brokerage ED&F Man Capital Markets. “If your shipment is late, then that guy has to buy it from somewhere else and the person selling it to him will jack up his price.”
Leave a Reply