Congo Releases New Plan to Cease Conflict Mineral Trade
Reuters reported the Democratic Republic of Congo is implementing a new plan to control the trade of tin ore and other conflict minerals.
Articles Tagged "tin ore"
Yunan Tin Expects Costs to Rise on New China Tin Ore Tax
Reuters reported Yunnan Tin Co Ltd (SHE:000960,HKG:0263) said it expects costs to rise about $7.9 million after China raised its tin ore taxes.
Tin Plunges $530
Reuters reported on base metals trading in China on Friday, noting tin plunged downward.
Indonesia May Impose Tax or Quota on Ore Exports
Reuters reports Indonesia may impose a tax or quota on mineral ore exports.
Tin ore to become scarce
Global Times.com reports that there is speculation that Tin ore is set to become scarce, as China has not managed their consumption appropriately
U.K. Was Entitled Not to Refer Amalgamated to UN
Bloomberg.com reports that the U.K. government had reason to not refer Amalgamated Metals Corp for tin ore purchases to the UN for sanctions
PT Timah Increases Offshore Mining Deposits to 70 pct
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 [...]
Indonesian Tin Exports Benefiting from Weather Improvements
An increase in shipments of Indonesian refined tin exports reported in April was partially the result of a return to more favorable weather conditions from the first three months of this year.
Tin Prices: Climbing the Ladder of Recovery
As with other industrial metals, the spot price of tin is correlated with inventory levels on the supply side and the global economic recovery on the demand side. Over the last year the spot price of tin on the LME has moved from an average price last April of US $12165.8 per tonne to a current valuation of US $18695 per tonne, a gain of almost 54 percent.
Low prices and creeping demand
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.
