One investor seems to be buying up most of the tin traded on the LME. Sparking unease among traders, several questions are doing the rounds - are the prices being pushed up artificially? Why the big position? Who benefits?
Continue reading "Tin Trades Trudge On"
Monday, October 13, 2008
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.
Continue reading "Tin prices fell 25% in third quarter"
Wednesday, August 13, 2008
The Association of Exporters of Minerals of North Kivu is expecting a decision tomorrow from the Democratic Republic of Congo’s Mines Ministry and Finance Ministry on recent increases in traders’ tax liabilities. In reaction to the tax hike, exporters in North Kivu, responsible for 75% of the country’s tin shipments, halted exports.
Continue reading "Will Congo tin exports resume?"
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Wednesday, October 14, 2009