Indonesia’s trade ministry has confirmed that it had issued export licenses to 3 more private smelters, bringing the total number of companies able to legally export tin up to 22. For full story, click here
The price of tin was given a nearly 6 percent boost last week from Yunnan province’s announcement that it would spend about $3 million on building a 100,000 tonne stockpile of tin. The tin stockpile is a part of a wider base metals stockpile plan meant to help support local metals smelters.
In late afternoon trading at the London Metal Exchange, tin prices were 2.0 per cent lower at $12,200 a tonne. For full story, click here
China said it would spend about $3bn buying 1m tonnes of base metals, including tin, in an effort to cushion its mining and smelting industry from plummeting demand and prices. For full story, click here
London Metal Exchange tin prices leapt 9.8 percent after news that China’s Yunnan province would build a 1 million tonne stockpile of base metals, including 100,000 tonnes of tin. For full story, click here
Three-month tin increased to $12,305 a tonne from $11,700. For full story, click here
Indonesia’s trade ministry has confirmed that it had issued export licenses to 3 more private smelters, bringing the total number of companies able to legally export tin up to 22. For full story, click here
Indonesia’s PT Timah the world’s prominent integrated tin miner, expects its tin output to stay flat in 2009. For full story, click here
With metal prices dropping like ducks in hunting season, the price of tin has remained surprisingly resilient. For full story, click here
Seminole Enterprises Group, Inc is a US based mining company and producer of tin. For full story, click here
Get our independent commentary on tin trends and companies delivered to your inbox.
