The global tin market is expected to be in surplus by between 5,000 and 10,000 metric tons in 2009 as a result of the sharp dip in world consumption caused by the global economic slump since the fourth quarter of 2008. For full story, click here
Read the full article: "Global Tin Market will be in surplus on..."
Wednesday, April 29, 2009
PT Timah declared that it may produce less tin than forecast this year if prices stay low. Mr Abrun Abubakar corporate secretary of PT Timah stated: We may produce within a range of 45,000 to 49,000 tonnes in 2009, reiterating an earlier forecast. Still, if prices remain low, we may cut production further. For full [...]
Read the full article: "PT Timah tin output will fall below forecast..."
Tuesday, April 28, 2009
The Kuala Lumpur Tin Market has closed lower yesterday in line with the fall on the London Metal Exchange. At the close yesterday, the price of tin on the KLTM dropped by US$280 to US$12,220 per tonne while on the London Metal Exchange, it fell US$215 to US$12,395 per tonne. For full story, click here
Read the full article: "Kuala Lumpur Tin Market closed at 12,220"
Thursday, April 23, 2009
Thailand’s second-biggest gold miner, Tongkah Harbour PCL , announced that it expects to complete the purchase of a tin mine in Indonesia by the middle of this year as it extends capacity. For full story, click here
Read the full article: "Thai Tongkah to purchase Indonesian tin mine..."
Thursday, April 23, 2009
As per reports given by Energy Ministry, Indonesia’s tin output may not touch 90,000 tonnes this year amid slowing global demand. For full story, click here
Read the full article: "Indonesia 2009 tin output may not touch..."
Wednesday, April 22, 2009
Malaysian tin jumped 7.5 per cent to score more than a 4-month high on Monday to US$ 12,080, as soaring London Metal Exchange prices and buoyant demand led by Europe boosted prices, one dealer said. The current price level was unseen since December 12, 2008. Tin price had peaked at $25,495/t in May 2008, but then slumped by more than 50 per cent in five months, due to the global financial crisis.
Read the full article: "Buoyant Demand Pushes Up Tin Price"
Tuesday, April 21, 2009
Adex Mining Inc. announced to have released the results of a mineral resource estimate of the north zone of Mount Pleasant, 80 kilometres south of Fredericton. The report showed 10.88 million tonnes of tin-indium-zinc based on sample analysis and geologic projections and another 7.6 million tonnes of the resources from projections alone. For full story, [...]
Read the full article: "Adex Mining hits $2.5 billion worth of..."
Monday, April 20, 2009
Neo Material Technologies Inc. declared that it has signed an agreement with Mineracao Taboca S.A., the Brazilian-based tin mining and processing subsidiary of Minsur S.A., the Peruvian privately owned mining company. For full story, click here
Read the full article: "Neo Material Tech. signed development..."
Friday, April 17, 2009
Although LME tin prices dipped along with every other base metal in late 2008, as the following chart, courtesy of the LME illustrates, it didn’t drop as far in percentage terms as many of the others. For full story, click here
Read the full article: "LME tin prices looked firmer"
Tuesday, April 14, 2009
The tin price on the Kuala Lumpur Tin Market is reported to have ended higher yesterday by US$110 to settle at US$10,850 per tonne on low offerings. For full story, click here
Read the full article: "Tin price in Kuala Lumpur market settled at..."
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Wednesday, April 29, 2009