BBC News ran an item on the re-opening of a tin mine in Cornwall. A good case study of resource allocation and the role of price. Check out the video clip below and relate it to the graph showing the changes in the world price of tin between January 2005 and November 2007.
http://news.bbc.co.uk/player/nol/newsid_7110000/newsid_7118200/7118269.stm?bw=bb&mp=wm&asb=1&news=1&bbcws=1#
http://news.bbc.co.uk/player/nol/newsid_7110000/newsid_7118200/7118269.stm?bw=bb&mp=wm&asb=1&news=1&bbcws=1#
The price of Tin
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