Tin price hits record highs as global stocks shrink

Tin continues to be the unexpected star performer of the industrial metals this year.

While the broader metals recovery rally shows signs of flagging, tin keeps punching out fresh all-time highs on both the London and Shanghai markets.

London Metal Exchange (LME) three-month tin last week touched $35,955 per tonne, eclipsing the previous record of $33,600 dating from 2011.

Currently trading around $35,400 per tonne, tin is up 68% on the start of the year. Aluminum is trailing a distant second with year-to-date gains of 27%.