I just got a bit more bullish on tin, looks like supply is being lost in Indonesia aswell as China. Not only through production cuts due to low prices but due to depletion.
"It's getting more difficult now to mine tin because reserves are depleting," Patris Lumumba, director of PT Bangka-Belitung Timah Sejahtera, a consortium of 7 private smelters, told Reuters. "We are keen to increase production as prices are recovering...but we don't have enough raw material," he added"
http://www.itri.co.uk/pooled/articles/BF_NEWSART/view.asp?Q=BF_NEWSART_312237
Maybe mak's tin deposits could end up surprising in the medium term. Remember demand has exceed supply for the last two years for tin, now supply has been further damaged by low prices and resources being depleted in Indonesia and China the world's two largest tin producers. Very good chance tin will break previous highs when demand returns.
Mak has the second largest tin resource (holding) behind mlx in Australia. A lot/if not all is pre-jorc. Mak has Australia's largest historical tin producing mines, and a number of other deposits the were drillup before the tin price crashed in early 80's??. Even the Storey Creek/Averfoyle tailings would be a significant resource, mlx are looking a processing the tailings at Rension, alot more tailings at Storey Creek/Averfoyle.
- Forums
- ASX - By Stock
- AEV
- tin at $14100us a ton
tin at $14100us a ton, page-4
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEV (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $56 | 5.216K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2137925 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 4285594 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2137925 | 0.010 |
6 | 4507153 | 0.009 |
7 | 2605682 | 0.008 |
5 | 7990571 | 0.007 |
13 | 11889815 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 4285594 | 5 |
0.012 | 5304725 | 8 |
0.013 | 3000000 | 4 |
0.014 | 3216666 | 5 |
0.015 | 2600000 | 2 |
Last trade - 12.37pm 20/08/2024 (20 minute delay) ? |
Featured News
AEV (ASX) Chart |