WBMS: Global Tin Market In 18,300-Ton Deficit In 2010

LONDON, Feb 16 -- The global tin market recorded a 18,300 metric ton deficit in 2010, the World Bureau of Metal Statistics said Wednesday.

This compares with a surplus 10,200 tons in 2009.

Global reported production of refined metal rose 23,900 tons, compared with the year before, the WBMS said without citing a figure.

The 2009 figure included lower-than-usual output for China due to closure of a number of smelters, it added.

Global tin demand during 2010 totaled 374,900 tons, up 16.3% from the comparable period in 2009.

In December 2010, refined tin production was 31,100 tons and demand was 32,000 tons.