The Kuala Lumpur Tin Market (KLTM) is expected to be higher this week with demand likely to come from Japanese, European and local traders, dealers said. For full story, click here
PT Timah Tbk plans to build two downstream factories by the end of 2008. The first is a tin solder factory in Kundur Island, Riau province with a capacity of 2,000 tons of solder wires per year and it may start its operation in October 2008. For full story, click here
Yunnan Tin had stopped production at its sole smelting facility due to a decline in tin prices. This facility has capacity to produce 70,000 tonnes of tin output per year. For full story, click here
LME tin jumped $1,200 to $13,500 at 0700 GNT soon after the report, but traders were sceptical of the tonnage involved, which amounts to more than a quarter of world output. For full story, click here
According to a government website, Yunnan will buy 100,000 tonnes of tin. The reserves will be kept for one year. For full story, click here
Comments by China’s President Hu Jintao that efforts by the world’s largest consumer of a host of commodities to counter the global economic downturn were working, were not enough to generate a little seasonal cheer. Tin fell to $10,705 from $11,050. For full story, click here
Cadillac Ventures Inc. is pleased to announce that it has signed a joint venture agreement with Minas de Aguas Tenidas, S.A., a wholly owned subsidiary of Iberian Minerals Corp. encompassing 14 properties totalling approximately 232 km(2) within the prolific Iberian Pyrite Belt of southern Spain. For full story, click here
Tin production to be curbed In a move that will do much to keep global tin prices elevated, Indonesia confirmed in late August 2008 that it will be limiting tin production this year and next. For full story, click here
PT Timah Tbk plans to build two downstream factories by the end of 2008. The first is a tin solder factory in Kundur Island, Riau province with a capacity of 2,000 tons of solder wires per year and it may start its operation in October 2008. For full story, click here
Three-month tin increased to $12,305 a tonne from $11,700. For full story, click here
Wednesday, December 31, 2008