Tin rallied to a new high above $51,000 a ton in London, extending a three-year bull run as frenzied buying by Chinese investors drove metals markets higher. Prices surged as much as 4.3% to $51,675 on the London Metal Exchange, surpassing a prior record set in 2022 as demand from the electronics industry jumped during the pandemic. The metal used in soldering has long been viewed as a proxy gauge...
Tin rallied to a new high above $51,000 a ton in London, extending a three-year bull run as frenzied buying by Chinese investors drove metals markets higher. Prices surged as much as 4.3% to $51,675 on the London Metal Exchange, surpassing a prior record set in 2022 as demand from the electronics industry jumped during the pandemic. The metal used in soldering has long been viewed as a proxy gauge for the computing sector, and funds have piled into the market in parallel with strong investments in AI and data centers. Tin — the least liquid of the six main metals traded on the LME — rallied nearly 40% last year, and is up more than a quarter so far in 2026. The spike has been driven by a wave of Chinese investors piling into metals markets, and equity funds betting that commodity futures will rise alongside stocks this year. Trading volumes have surged on China’s domestic metals exchanges, tracking massive inflows into Chinese equities markets that have lifted a broad gauge of domestic stocks to the highest level since 2015. Tin also hit a record on the Shanghai Futures Exchange, rising almost 9% to hit its daily upper limit at 413,170 yuan ($59,212) a ton. Traders are eying supply from second-biggest producer Indonesia following a military-led crackdown on illegal mining in the country’s main tin region. Exports almost tripled in November, but it remains to be seen if the rebound can be sustained, particularly with the government still yet to approve mining quotas this year. So far markets are giving no indication of physical tightness, with stockpiles held by the LME having risen to the highest in 11 months. Futures of the metal are also trading at a premium to spot prices, a market structure known as contango, which indicates supply remains plentiful. Tin traded up 3.7% at $51,365 a ton by 9:49 a.m. Shanghai time. Copper, aluminum and zinc also rose.
(RTTNews) - Boeing Company (BA) announced that it delivered a total of 160 commercial airplanes in the fourth quarter of 2025 and 600 across the full year.
(RTTNews) - Boeing Company (BA) announced that it delivered a total of 160 commercial airplanes in the fourth quarter of 2025 and 600 across the full year.
At least four displaced Palestinians killed when strong winds caused walls to collapse onto their tents and a one-year-old boy died of hypothermia Strong winter winds collapsed walls onto flimsy tents for Palestinians displaced by war in Gaza, killing at least four people, as dangerous living conditions persist after more than two years of devastating Israeli bombardment and aid shortfalls. A ceas...
At least four displaced Palestinians killed when strong winds caused walls to collapse onto their tents and a one-year-old boy died of hypothermia Strong winter winds collapsed walls onto flimsy tents for Palestinians displaced by war in Gaza, killing at least four people, as dangerous living conditions persist after more than two years of devastating Israeli bombardment and aid shortfalls. A ceasefire has been in effect since October, but aid groups say that Palestinians broadly lack the shelter necessary to withstand frequent winter storms. Continue reading...
Credit card stocks and shares of banks that lend to credit card users took a hit on Monday after President Donald Trump discussed plans to cap credit card interest rates. Shares of American Express (NYSE: AXP) declined approximately 4% on Monday, and the stock continued to fall (albeit only slightly) on Tuesday. It's easy to see why the market reacted negatively to the news. Credit card interest r...
Credit card stocks and shares of banks that lend to credit card users took a hit on Monday after President Donald Trump discussed plans to cap credit card interest rates. Shares of American Express (NYSE: AXP) declined approximately 4% on Monday, and the stock continued to fall (albeit only slightly) on Tuesday. It's easy to see why the market reacted negatively to the news. Credit card interest rates are a major part of the economics for many card issuers. Put a hard ceiling on those rates, and investors immediately start asking what that would do to profits. However, a lot is still unknown about what a rate cap would look like in practice -- and whether it would actually be implemented. Meanwhile, American Express 's underlying business has been performing well. So, this begs the question: Is this an opportunity to be "greedy when others are fearful," as famed investor Warren Buffett has advised at times? Or is this a real risk that alters the risk profile of the stock until investors have more information? Continue reading
Egyptian Army Holds Billions In Secret Cash As Country Misses Debt Deadline Via Middle East Eye Egypt's armed forces in December rejected government pleas to help ease the debt crisis despite holding more than Egypt's total foreign debt in secret reserves, senior banking and government officials told Middle East Eye. The claims underscore mounting concerns over the opaque role of Egypt’s military ...
Egyptian Army Holds Billions In Secret Cash As Country Misses Debt Deadline Via Middle East Eye Egypt's armed forces in December rejected government pleas to help ease the debt crisis despite holding more than Egypt's total foreign debt in secret reserves, senior banking and government officials told Middle East Eye. The claims underscore mounting concerns over the opaque role of Egypt’s military in the economy at a moment of acute fiscal stress, as the government struggles to meet debt obligations amid shrinking foreign currency reserves and tightening domestic liquidity. Egypt was expected to pay about $750m in loan repayments to the International Monetary Fund (IMF) by the end of December but failed to meet the deadline . As a last resort, it was agreed "in principle" for the instalment to be deducted from Egypt’s upcoming IMF tranche, with interest added, official banking sources told MEE. However, the precise terms of the arrangement remain unclear, with both the Egyptian government and the IMF keeping the details out of the public domain. "The government sought to borrow three trillion Egyptian pounds ($63.7bn) by December, but domestic banks refused, citing limited liquidity," a senior banking official said, speaking on condition of anonymity for security concerns. "With no other borrowing options available, the government turned to the armed forces." Egyptian special forces soldiers, via AFP The official added that the head of the military’s Financial and Administrative Authority rejected the request , even after the issue was raised with the defense minister. "Prime Minister Mostafa Madbouly in December called Minister of Defence Abdel-Megeed Saqr, urging him to help cover the latest IMF loan instalment, but the plea was firmly refused," the official, who spoke to MEE in late December, added. It was not clear why Madbouly did not extend the same request to President Abdel Fattah el-Sisi, who is the supreme commander of the armed forces and who is presumed t...