The Tin Market Crash of 1985
Jan 11, 2018#0183;#32;In the period following the collapse of the International Tin Council, Malaysia shut 30 percent of its tin mines, eliminating 5000 jobs, 40 percent of Thailand''s mines closed, eliminating an estimated 8500 jobs, and Bolivia''s tin production fell by onethird, resulting in the loss of up to 20,000 jobs. 28 LME brokers went bankrupt, while six others withdrew from the exchange.