Accumulated turnover increased to 189 tonnes from 182 tonnes, with most of the week’s players comprising Japanese, European and local traders. For full story, click here
The KLTM price fell by US$900 to US$10,000 per tonne from RM10,900., while LME tin dropped by US$855 to US$9,855. For full story, click here
The KLTM price fell by US$900 to US$10,000 per tonne from RM10,900. For full story, click here
LME tin jumped $1,200 to $13,500 at 0700 GNT soon after the report, but traders were sceptical of the tonnage involved, which amounts to more than a quarter of world output. For full story, click here
Three-month tin increased to $12,305 a tonne from $11,700. For full story, click here
Tin, which fell 7.6 percent in the previous session, closed at $11,500 tonne from $11,905 on Thursday. For full story, click here
Rising stocks sent tin to an intraday low of $US11,000 and closed at $US11,300, down $US605 from the previous session. For full story, click here
The base metals are down for the year, with tin and nickel suffering the most. Each has lost more than 25% in the last quarter. After Congress voted down the $700 billion bailout plan, tin prices hit their weakest level since September 18, dropping 6.3% to $16,680 on the LME.
Avalon Ventures is looking at East Kemptville mining site to possibly open a mine for tin and rare metals. Don Bubar, the company’s CEO and president, said: Avalon has created a modern database of the site based on the mine’s history. As the price of tin started to go up, Bubar started to think the [...]
Tin prices are expected to trade higher as supply-side issues from Indonesia are expected to support prices of the commodity. For more information, click here
Tuesday, February 3, 2009