BUSINESS – Burma’s flooding of tin market leads to global price drop

Burma’s productivity in tin mining has contributed to a global drop in the price of the metal, reaching a five-and-a-half year low as it plummeted nine percent last week, according to Dow Jones Business News. Burma’s supply of iron ore has gone from nothing to around 21,000 tonnes annually in just a few years, most of which goes to China. A global limit on exports has been implemented to halt the drop, as the increase in supply from outstrips the rising demand.