One investor seems to be buying up most of the tin traded on the LME. Sparking unease among traders, several questions are doing the rounds - are the prices being pushed up artificially? Why the big position? Who benefits?
From one crisis to another in past decades, tin is now being challenged again with a possible erosion in demand, which is suppressed by the current international slump. For full story, click here
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
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
Indonesia’s PT Timah Tbk, the world’s largest integrated tin miner, declared that it expected to cut its refined tin output by as much as 8 percent this year to avoid depressing global prices further. For full story, click here
Wednesday, October 14, 2009