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The South Crofty tin mine acquisition has finally been completed after initially being announced in March. Various news sources are reporting the Canadian company Strongbow Exploration has acquired 100% interest in Western United Mines Ltd. and Cornish Minerals Ltd. (Bermuda). Want a short- and medium-term buying outlook for aluminum, copper, tin, lead, zinc, nickel and...
Tin Drivers [caption id="attachment_70211" align="alignright" width="200"] Want a short-term buying strategy for tin? Check out our FREE June Buying Outlook report![/caption] 1. Dollar to Euro exchange rate 2. Chinese tin ore imports 3. Indonesian export quantities 4. Global production Market Commentary Tin remains the “biggest loser” of all the industrial metals this year (with the exception of rare earth metals, currently not covered in this forecast report) falling 21% since the beginning of the year. Supply Glut The feared “Indonesian raw ore export ban” proved inconsequential for tin. In fact, Myanmar has provided ample quantities of tin ore to China and for the first time in 7 years, China has become a net exporter of tin. That development in combination with the bear commodities market in general and the strong dollar, continue to batter tin prices. However, we could see...
While most analyst were calling for an increase in Tin prices this year, we were very skeptical. FREE Download: The Monthly MMI® Report – price trends for 10 metal markets. Despite the tin deficit, we believe that tin has more potential on the downside than on the upside. While the rest of the base metals complex keeps trending downward, it is hard to see tin prices trading above $25,000 per metric ton.
Tin prices rose sharply on Monday above $1,800 per metric ton for the first time since March 2015. [caption id="attachment_79600" align="aligncenter" width="500"] Tin hits a 16-month high. Source: fastmarkets.com[/caption] Tin prices sold off in May after data showed a surge in Indonesian tin exports for the month of April. That caused many analysts to call for a comeback in exports as more producers in Indonesia received new export permits. Two-Month Trial: Metal Buying Outlook However we pointed out in May that the sell-off was a normal reaction after the huge gains earlier this year and that nothing suggested a reason to call for an end to tin’s rally. Investor Sentiment Changes Now, tin is acting strong but we are witnessing more bullish behavior by investors for many industrial metals. That's now what we were used to during the past five...
The World Bureau of Metal Statistics' recent monthly bulletin reported that the tin market recorded a narrow deficit of 300 tons during the January to March period with total reported stocks falling 800 tons during January and ended the quarter down 1,100 tons from December 2013. The stock drawdown appears to be a result of the regulations, as tin supplies from Indonesia, the world’s largest exporter, have been hit as they force all tin ingot shipments to comply with higher purity rules and to first trade via the Indonesia's Commodities & Derivatives exchange.
Tin prices are strengthening due in part to rising demand from alloy industries. The Business Standard reports that while tin prices are increasing, copper continues its decline due to “reduced offtake from industrial users.” Want a short- and medium-term buying outlook for aluminum, copper, tin, lead, zinc, nickel and several forms of steel? Sign up for...
Dating back to last year, tin is in a fairly low place. Prices had declined by nearly half compared to 2013, making the metal the worst faring of all the base metals. Surely there is nowhere to go but up, right? For 2016, we've identified the main tin price drivers as: China GDP and PMI Data The dollar to euro exchange rate Myanmar tin mining For a long-term industrial buying strategy for tin, complete with specific support and resistance levels, download your complimentary copy of our 2016 Annual Metals Outlook report! This report also includes commodities markets and industrial metals market analysis, in addition to key price drivers and commentary on aluminum, nickel, lead, copper, zinc and various forms of steel, in addition to tin.
One word can be used to describe the London tin market, currently: tight. While the low volume of tin on the London Metal Exchange has been an issue for some time now, its tin contract is now showing signs of entering into a period of volatility, according to a recent report from Reuters. The spread closed this week and brought tin to its tightest point thus far in 2016. The reason for the squeeze? In part it's due to Indonesia, the world's largest exporter of tin. Shipments have been declining for the past several years, but that decline intensified in January with a 63% year-over-year drop. Want a short- and medium-term buying outlook for aluminum, copper, tin, lead, zinc, nickel and several forms of steel? Subscribe to our monthly buying outlook reports! This substantial drop off can be attributed to...
Tin was the strongest base metal in February. Free Download: The February 2016 MMI Report After hitting a new six-year low in mid-January, the metal has bounced back up like a tennis ball. Indeed, since January 15th tin has risen more than 20% and many would consider this a bull market. This sharp move can be attributed to several factors: [caption id="attachment_77255" align="aligncenter" width="500"] Tin hits a new four-month high. Source: FastMarkets.[/caption] A weaker dollar in February contributed to a price increase across dollar-denominated commodities, including, of course, the industrial metals complex. February's gains come after significant losses in previous months. Low prices lured bargain hunters in February to buy tin. The latest data showed that the decline in Indonesian shipments intensified in January, with a 63% year-over-year drop. Indonesian refiners had begun suspending operations due to weak global prices...
The people of Cornwall in South West England have the twin blessing of living in one of the most beautiful parts of the country, considered by many a vacation destination, and the curse of high unemployment. The area’s remoteness from any centers of commerce or industry have contributed to its unspoiled countryside, but likewise to...
Tin Drivers: [caption id="attachment_71086" align="alignright" width="200"] Want a short-term buying strategy for tin? Check out our complimentary July Metal Buying Outlook report![/caption] 1. Dollar to Euro exchange rate 2. Indonesian export quantities 3. Chinese tin ore imports 4. Global Production Market Commentary Tin has not had a good year. Prices have fallen 24% year-to-date after falling 15% in 2014. All base metals have fallen this year (and continue to fall) but at least a couple have attempted to show some price strength. Tin has been unable to rally at all for the past 18 months. A sideways market for tin would be a big improvement. Moreover, the Indonesian tin export restrictions have essentially backfired. The limit of 4,500 metric tons per month, set to go into effect in April never happened. In fact, according to Indonesia’s Ministry of Trade, the...
South Crofty, a once prolific tin mine located near Redruth in the UK, has been shut down for nearly 20 years but that soon may change. Full-pocketed foreign investors recently met with local councillors to discuss reopening the tin mine there after it closed in the late '90s due to plummeting tin prices and despite an abundance of natural mineral resources valued in the billions. "There is a fortune down there underground," Councillor Malcolm Moyle told the Western Morning News. "The question is about getting it out as cheaply and efficiently as possible and that is the issue at the moment." Want a short- and medium-term buying outlook for aluminum, copper, tin, lead, zinc, nickel and several forms of steel? Subscribe to our monthly buying outlook reports! Moyle stands apart as the most optimistic booster of tin mining returning to...
After trading sideways for nine consecutive months, tin prices finally succumbed. Free Download: New! The January 2016 MMI Report Although other sources were calling for higher prices in 2016, in our monthly and annual outlooks we continued to recommend buying only small quantities. In the face of a rising dollar, China's slowdown and falling commodity markets, tin buyer should only expect downside moves. [caption id="attachment_76258" align="aligncenter" width="500"] Tin breaking down its support level barriers. Source: MetalMiner analysis of FastMarkets.com data.[/caption] Indonesian Regulations In November, Indonesia introduced new rules requiring tin exporters to obtain new “clean and clear” (CnC) certification. Many firms ramped up exports ahead of it. Indonesian exports from January-November dropped by 1.9% compared to the same period last year, a somewhat negligible result. However, exports in December exceeded 10,300 metric tons, whereas December 2015 exports are unlikely to...
Perak, one of 13 Malaysian states, recently announced plans to jumpstart its tin mining industry in order to boost its income. According to a recent report from The Malay Mail, Perak’s local government granted the industry approval for tin ore exploration in the region and, once identified, license to mine the metal-rich areas. Want a...
Tin producers would obviously like to think so and recent developments may suggest they have grounds for optimism in 2016. Free Download: Last Chance for the September MMI Report According to the World Bureau of Metal Statistics (WBMS) the global tin market recorded a deficit in the first 6 months of the year of 18,500 metric tons. Both refined Asian production and Chinese consumption were down for a number of reasons, but in spite of the deficit the price took a hammering along with the rest of the commodity sector. The Tin Dynamics Chief among the reasons for this battering, it would be easy to say, was a selloff across all metal categories due to the slow down in Chinese growth and fears over the state of the Chinese stock market. Yet, tin has some specific dynamics all its own...
By most people’s reckoning, tin should have been considerably higher today than it was at the start of the year. Indonesia introduced an export ban at the end of last year for a range of non-ferrous ores, including tin concentrates, in addition to requiring exports of refined metal to be first sold via a domestic exchange. FREE Download: The Monthly MMI® Report – price trends for 10 metal markets. Reasonably, as one of the world’s largest producers, the Indonesian government wanted, at least, to see more value-add processing done within the country in an effort to maximize the return from their dwindling reserves.
New technologies can revolutionize the demand landscape for materials, just witness the demands created on lithium supply by the relentless growth of lithium-ion batteries, a trend that many believe has only just begun with the imminent advent of the mainstream electric car. Free Download: The March 2016 MMI Report New technological developments can also dramatically affect the demand picture for already well-established metals such as the impact automotive lightweighting has had on aluminum demand, spurring massive investment in new rolling mills and lifting annual demand by significant percentage points. New Demand vs. Established Supply The impact on market balance is most acute in those markets where the supply side is already constrained, so a recent presentation by the ITRI about the effect on tin demand that developments in energy-related research and development makes interesting reading, as it is widely held...
Everyone agrees that tin's supply and demand fundamentals look much better than other base metals like aluminum or nickel. Markets wherein producers have seriously mis-timed the new wave of production capacity and large inventory levels in the exchanges are removing any hope of their markets moving into deficit. Free Sample Report: Our Annual Metal Buying Outlook A better fundamental story has helped tin prices avoid further declines in Q2 and Q3. Over the past 7-plus months tin prices have traded between $16,500 and $13,500 per metric ton. [caption id="attachment_74634" align="aligncenter" width="500"] LME tin prices have been range-bound for the past 7 months. Source: MetalMiner analysis of Fastmarkets.com data.[/caption] Although, Myanmar has made up for much of Indonesia’s gradual production decline, it’s still unclear whether its production has the potential to double output in the future. In September, tin prices rose...
All base metals have risen in price since February on the London Metal Exchange but, so far, the rally in the base metal complex looks like a normal reaction in a bear market. Free Download: The February 2016 MMI Report However, tin is starting to paint a more bullish picture. The metal hit an 11-month high in March, breaking above resistance levels at $16,500 per metric ton, a ceiling which had previously prevented prices from moving above it. [caption id="attachment_77486" align="aligncenter" width="500"] 3-month London Metal Exchange tin price. Source: Fastmarkets.com[/caption] Tin exports from Indonesia are falling this year. Indonesia's February exports of refined tin came at 4,505 mt, declining 25% year-on-year. February's decline came after a 63% y-o-y decline in January. The decline in exports was caused by recent flooding on the island of Bangka and delays in exports as...
This is part two of a series on tin and its evolving uses in the many industries that purchase it. Check out part one, if you missed it. It has been known for nearly 200 years that that a thermal gradient formed between two dissimilar conductors can produce electricity, but it has taken researchers at Northwestern University to show that tin selenide is such a poor heat conductor that it makes a remarkably promising thermo-electric material whose unique properties can be exploited in solid-state thermo-electric devices for a variety of industries, with potentially enormous energy savings. The US wastes 50% of the energy it produces as heat. Free Download: The March 2016 MMI Report Two thirds of the energy in gasoline disappears out the tailpipe, imagine the reduction in generating capacity or in fuel use that could be achieved if...