Kuala Lumpur Tin Market (KLTM) will be on a stable condition since Malaysian and European buyers of tin will be active to trade above US$17,300 per tonne. One of the dealers is quoted saying: “The market was traded mostly lower this week, so we expect to see more buying support next week as prices are [...]
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.
Malaysia has huge coal reserves that can be fully tapped as an additional source of energy to lessen the burden of domestic industries currently saddled with increasingly high energy costs from gas and electricity. For full story, click here
Normally, tin doesn't get a lot of attention. The lowly, non glamorous tin is becoming increasingly important however, overtaking lead as the metal of choice in modern electronics soldering, especially after EU regulations requiring lead-free solders was implemented in 2006. In 2006, tin accounted for 50 per cent of solders; in 2007, that market share grew to 52 per cent.
The LME usually influences the direction of the local market in Malaysia. For full story, click here
The local tin market would also take the cue from the movements on the London Metal Exchange (LME). For full story, click here
Malaysian tin jumped 9.5 percent on Tuesday, boosted by surging LME prices and a squeeze in supplies. For full story, click here
Malaysian tin jumped 9.5 percent on Tuesday, boosted by surging LME prices and a squeeze in supplies. For full story, click here
Kuala Lumpur, a former tin mining site for more than a century, is one of Malaysia’s testaments that it could turn wastelands to world class wonders. For full story, click here
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