Markets

Indonesia's Timah sees 2011 tin price rise

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Tin prices have tracked copper to fresh record highs this month, supported by supply shortages from top producer Indonesia.

On Friday, benchmark tin on the London Metal Exchange closed up $655 at $31,200, off an earlier record peak of $31,300.

Timah also said on Monday it expects a 2011 net profit of around 1 trillion rupiah.

Copyright Reuters, 2011