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Electronics sales boom drives tin prices to 10-year high

Shift to homeworking, drought in China and volcanic eruption in the DRC all contributed

Tin prices hit their highest level in ten years on Friday, driven by a boom in consumer electronics and sales of 5G smartphones.

The metal, which is used in solder in circuit boards, has risen by 133 per cent since its low in March 2020 as sales of smartphones, laptops and iPads have surged owing to people working and studying from home.

Tin last traded at $30,760 a tonne, down from a high of $30,960 a tonne on Friday.

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