2302 GMT - Tin prices are likely to stay stronger for longer, underpinning Ord Minnett's bullish view of Metals X. Ord Minnett upgrades forecasts for tin prices through 2026, citing slower-than-expected restarts to supply from mines in Myanmar and Indonesia. "With strong Renison mine production likely to continue and sustained high prices, we project Metals X's cash balance will expand to A$444 million by December," analyst Matthew Hope says. This gives Metals X additional firepower to increase volumes. Ord Minnett retains a buy call on Metals X, and lifts its target price by 25% to A$2.00/share. Metals X ended last week at A$1.54. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 17, 2026 19:02 ET (23:02 GMT)
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