Alpha: Metal Costs Surge to Record Highs
Published: 29 March 2011
by Staff
SOUTH PLAINFIELD, NJ – Strong global demand for metals such as tin and silver is driving up metal costs to all time highs, says Alpha.
Investors relying particularly on silver as an alternative investment are creating an additional price pressure, says the firm.
In early March silver surged to more than $36 per troy ounce.
In March 2007, tin had surged from $7,000 metric ton to $14,000 per metric ton. Today's levels are more than $28,000 per metric ton, says Alpha.
