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.
Adex Mining Inc. announcef the completion of a mineralogy characterization test program for the recovery and extraction of tungsten, molybdenum, tin and indium at the Company’s Mount Pleasant Mine Property located in southwestern New Brunswick. For full story, click here
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.
Crackdown on illegal mining is having a hefty impact on the tin industry, with two sub-contractors working for the archipelago’s second-largest tin miner, PT Koba Tin, on trial in Bangka for deliberately selling illegally-mined tin to the company. For full story, click here
The Board of Republic Gold Limited said that the Company alongwith Staldor Mining Pty Limited have completed an aircore drilling programme at the Kangaroo Creek Joint Venture Project mining and exploration leases south-west of Chillagoe in Far North Queensland. For full story, click here For company’s website, click here
Although the short-term outlook for tin and other industrial use metals is understandably bleak at the moment, the long-term projections for the dull base metal show it is likely to outshine the majority of its commodity cousins once the current crisis abates.
Although lower tin prices may appear to be a sign of a faltering market, many metals analysts say the supply market remains increasingly tight and a deficit is expected this year. There is a huge contradiction of what is happening to the price and the underlying state of the market.
Wednesday, January 14, 2009