Unlike most of the other base metals, there is no growing tin surplus. Inventories held at the London Metal Exchange now sit at 8,820 tonnes, against a 52-week high of 11,430 tonnes. The potential is that a rebound in Chinese demand, coupled with the closing of mines in Indonesia, could trigger supply shortages.
The head of Indonesia’s second-biggest tin smelter, PT Koba Tin, has been detained for alleged illegal mining, For full story, click here
The outlook for base metal prices may improve in the final quarter of this year because governments’ stimulus measures will have had some time to take effect. for full story, click here
Slowdown in China’s imports of major base metals would continue to remain a cause for concern in the base metals market. For full story, click here
Market is still not sure how and when the US economic stimulus plan would stir up the weakening demand. For full story, click here
China had dominated the metals market agenda the previous week but last week all eyes were on the world’s largest economy, the United States. For full story, click here
Indonesia’s refined tin exports fell nearly 38 percent from the same period a year ago, trade ministry data showed on Monday. For full story, click here
Indonesia will cut a target cap on tin production this year to below a planned 100000 tonnes because of falling prices. For full story, click here
Miners fortunate (or wise) enough to possess a strong balance sheet, the low values of their less-favoured peers make them easy pickings for companies in search of production or resource growth. For full story, click here
Indonesia clears tin shipments after quality checks. For full story, click here
Get our independent commentary on tin trends and companies delivered to your inbox.
