World market of refined tin: pricing peculiarities
Keywords:
World tin market, trade in refined tin, price volatility, intergovernmental control, speculative activity, export restrictions, Association of Tin Producing Countries, China, IndonesiaAbstract
World market of refined tin, relatively limited in terms of trade, but critically important to the information technology industry, is facing the necessity to resist the growing activity influence of various structures possessing financial strength, but not involved in the industrial production of metal. The penetration of the speculative capital into commodity markets is taking place under increased supply of liquidity in the global financial system, and that distorts their fundamentals. After nearly a decade and a half of the absence of the intergovernmental control over the tin market the world largest producers and consumers of the metal have once again become aware of the inevitability of developing effective mechanisms to restrain price volatility in it, with the whole tin industry and the global tin market benefiting from their successful implementation.