The LME postponed the resumption of tin trading.
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The London Metal Exchange, which had planned to resume tin trading next Monday, set no new date for resumption. Trading was suspended Oct. 24. The exchange made the announcement following a meeting of bankers at which a rescue package for the debt-ridden industry was discussed. Adam Ridley, a spokesman for the bankers, did not disclose the size of the rescue package. However, traders said the deal could total $1.3 billion.
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