Tin spooked by threat of supply disruption

Full control: Members of the Myanmar military take part in a parade to mark the country's 78th Armed Forces Day in Naypyidaw. Myanmar is the world's third-largest producer of tin. - AFP

TIN prices leapt higher on Monday on news of a possible production halt in Myanmar, the world’s third-largest producer of the soldering metal.

London Metal Exchange three-month tin jumped by 11% to hit a two-month high of US$27,705 (RM122,913) per tonne and was last trading at US$27,180 (RM120,584). It took its lead from the Shanghai Futures Exchange (ShFE), which was already seeing record levels of trading activity before the latest turmoil.