As most of our customers will be aware, we introduce pricing at the beginning of each year with the intention of holding these costs throughout the calendar year in order to provide as much stability and assurance to our customers as is possible.
However, 2024 has seen metal prices increase to a level that has become unsustainable at their current levels. The London Metal Exchange daily price for Tin has risen 50% since December 2023. Pewter is an alloy made from a minimum of 92% tin so has a huge impact on our costs.
Unfortunately, this means that we will be introducing a 10% surcharge on all orders from the 1st June 2024. We have made every effort to keep this as low as possible and will monitor the situation closely with the hope that this can be removed once markets fall to a reasonable level. This is only the third time in over 47 years of trading where we have had to introduce a surcharge such as this, and we apologise in advance for the inconvenience and disruption this may cause. HOW IT WORKS
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