Articles Tagged "tin industry"

Espionage Tales And Long Positions

Long tin positions are a major bugbear for the tin industry. Committee members at the London Metal Exchange are angry at the LME's lack of action on the large scale long tin positions. Market concerns centre on the September-December 2009 contracts and the amount of available metal stored in LME tin inventories, after a large number of positions were built up last week. And in other spy tales, an Australian executive with mining giant Rio Tinto was being held in China as a suspected spy.

Indonesia: Reduced Tin Production

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.

Tin price jumps 5 per cent on supply concerns

The price of tin gained more than 5% on reports that supply declines are expected from Indonesia, the world’s largest tin exporter and second-largest tin producer. World supply for 2008 is already down. The global tin supply deficit was predicted to reach 20,000 tonnes this year.