Even as stockpiling in China is set to raise the bar for the price of tin, miners in Peru may go on strike on March 15, which could bring on some pressure. Queensland Small Miners too have blamed the government for not adequately supporting small miners.
Indonesia sees production of tin to rise by 47% in 2009 to 105,000 tonnes despite a plan by authorities to cap output below 100,000 tonnes. For more information, click here
Indonesia’s ability to stop supply as and when prices weaken should see tin remain above $10,000/t, 30%-40% above historical levels. For more information, click here
Indonesia’s 2009 tin output is projected to increase 47 percent from last year to 105,000 tonnes. For full story, click here
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.
Indonesia clears tin shipments after quality checks. For full story, click here
Indonesia will cut a target cap on tin production this year to below a planned 100,000 tonnes because of falling prices. For full story, click here
Tin production to be curbed In a move that will do much to keep global tin prices elevated, Indonesia confirmed in late August 2008 that it will be limiting tin production this year and next. For full story, click here
PT Timah Tbk plans to build two downstream factories by the end of 2008. The first is a tin solder factory in Kundur Island, Riau province with a capacity of 2,000 tons of solder wires per year and it may start its operation in October 2008. 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
Thursday, March 5, 2009