Tin Investing News» metals

Metals Little Changed But Weak US Manufacturing Data Sours Sentiment

Melissa West — Tue, 02 Aug 2011 13:42:13 +0000

FXStreet reports base metals were mostly unchanged in LME premarket trading triggered by disappointing US manufacturing data.

Government in Bangka Indonesia To Stop Tin Mining Until 2015

Mike Rodger — Fri, 28 May 2010 04:40:51 +0000

Indonesian government plans to stop small business miners in its main tin-producing Bangka-Belitung island for the next four years due to damage on its 657,510 hectares of forest areas in Bangka-Belitung. Governor Eko Maulana Ali is quoted saying: “Traditional Tin mining has been expanding. Farmers and fishermen have now switched to mine Tin.” Click here [...]

Tin Trade Above US$17,300 per Tonne at KLTM

Mike Rodger — Thu, 27 May 2010 02:44:41 +0000

Tin dealers in Malaysia expects that Kuala Lumpur Tin Market (KLTM) stays firm. According to the dealers the tin trade will likey be above US$17,300 per tonne as Malaysian and European buyers are expected to be active. One of the dealers is quoted saying: “The market was traded mostly lower this week, so we expect [...]

PT Timah Increases Offshore Mining Deposits to 70 pct

Mike Rodger — Wed, 26 May 2010 02:41:47 +0000

PT Timah (Persero) Tbk, Indonesia’s largest tin producer, is planning to increase its offshore mining deposits. The company’s Offshore mining may account for 60% to 70% this year. It is also forced to reduce sourcing tin ore from its onshore mines in Bangka-Belitung islands, Indonesia’s main source of tin. President Director Wachid Usman is quoted [...]

Tin Set To Recover

Geetha Raghavan — Wed, 18 Feb 2009 18:15:46 +0000

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.

Tin firms tread the long road

Geetha Raghavan — Mon, 09 Feb 2009 13:00:10 +0000

China has been bailing out its struggling domestic smelters by stockpiling metals since December. Heralding the Chinese New Year, wherein most companies and projects run overtime during the Spring Festival in order to ensure annual production plan, several firms have decided to take the long road.

Acquisition of Stannary Hills Tin Mining Leases and App 3B

Leia Toovey — Mon, 26 Jan 2009 10:01:08 +0000

North Queensland Metals Limited has acquired a suite of tin mining leases immediately to the north of NQM’s EPM 14741 tenement at Herberton. For full story, click here

Will China save the tin market?

Mike Rodger — Wed, 10 Dec 2008 04:57:21 +0000

The price of tin was given a nearly 6 percent boost last week from Yunnan province’s announcement that it would spend about $3 million on building a 100,000 tonne stockpile of tin. The tin stockpile is a part of a wider base metals stockpile plan meant to help support local metals smelters.

China to embark on $3bn metals spree

Leia Toovey — Wed, 03 Dec 2008 15:31:34 +0000

China said it would spend about $3bn buying 1m tonnes of base metals, including tin, in an effort to cushion its mining and smelting industry from plummeting demand and prices. For full story, click here

Indonesia: Reduced Tin Production

Mike Rodger — Wed, 26 Nov 2008 15:29:06 +0000

The world’s leading tin miner, PT Timah has announced it may restrict refined tin production in an attempt to counteract falling prices. PT Timah’s production curbs are representative of a growing trend in Indonesia. Tin smelters across the nation are halting production.