Novosibirsk Integrated Tin Works, Russia’s sole producer of the metal, declared that first quarter sales volumes dipped by 72 percent from the year-earlier period as demand slumped. For full story, click here
Read the full article: "Russia’s Novosibirsk Tin Q1 Volumes..."
Wednesday, May 27, 2009
Despite being perceived as a sunset industry for the past 10 years, the local kuala lumpur tin industry is still surviving mainly due to increased solder demand from the electrical and electronic industries. For full story, click here
Read the full article: "Demand has remained for refined tin"
Wednesday, May 27, 2009
State-owned mining companies Comibol and Huanuni will invest $40 million to build a new plant that will allow Bolivia to more than double its tin output. For full story, click here
Read the full article: "Bolivia has earmarked $40 mln to double tin..."
Monday, May 18, 2009
The price of tin on the Kuala Lumpur Tin Market (KLTM) closed lower on Monday on lack of demand, dealers said. At close, the local tin price was down by US$80 to settle at US$13,650 per tonne from last Friday. The price of tin on the KLTM is likely to be steadier next week though on consistent demand from overseas buyers, dealers said. They said the metal price is likely to trade between US$13,900 per tonne and US$14,200 per tonne with the participation of European, Japanese and local traders.
Read the full article: "Tin Price Likely To Be Steadier"
Wednesday, May 13, 2009
YTC Resources Ltd. declared that it has been granted a new exploration licence EL 7280 in NSW, the tenement areas of which contain the Pound Flat tin deposit. For full story, click here
Read the full article: "YTC Resources have added new tin prospect to..."
Wednesday, May 13, 2009
Indonesia’s refined tin exports dipped an estimated 22.5 percent in April due to slow demand, and shipments are likely to stay weak as producers consider tin prices are still too low. Alberth Yusuf Tobogu, director of mining product exports, stated: Tin exports in April were down because overall demand for the metal was weakening. For [...]
Read the full article: "Indonesia forecasted April tin exports dip..."
Tuesday, May 12, 2009
Tin prices gained a whopping 18 per cent on the LME in the month of April, despite a huge gain in LME inventories by almost 15 per cent. Global production, however, is expected to fall 6.5 per cent by 21,000 tonnes, to 304,500 tonnes in 2009. According to the International Tin Research Institute demand for tin is expected to fall by 10.5 per cent in 2009 amid the global economic crisis. Hence, the market could be in surplus by 5,000 to 10,000 tonnes in 2009.
Read the full article: "Production Cutback Pumps Tin Price"
Monday, May 11, 2009
Few tin smelters in Indonesia, the world’s top exporter of the metal, will be able to crank up output to exploit higher prices because wet weather and depleting reserves have crimped access to ore. Patris Lumumba, director of PT Bangka-Belitung Timah Sejahtera, stated: It’s getting more difficult now to mine tin because reserves are depleting. [...]
Read the full article: "Weather, Ore Limits have restrained..."
Friday, May 8, 2009
The Kuala Lumpur Tin Market has closed at near six-month high yesterday, buoyed by strong demand from European purchasers and sharp gains on the London Metal Exchange overnight. For full story, click here
Read the full article: "Kuala Lumpur Tin Market closed near..."
Thursday, May 7, 2009
Tin trade in Congo’s North and South Kivu provinces is under threat as a United Nations observer mission in Congo has intensified pressure on mineral purchasers to observe due diligence on minerals they procure. For full story, click here
Read the full article: "Illegal trade has threatened tin market in..."
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Friday, May 29, 2009