SRZ 2.33% 2.1¢ stellar resources limited

Ann: Expanded Tin Exploration Drilling Program at Heemskirk Tin, page-76

  1. 1,522 Posts.
    lightbulb Created with Sketch. 845
    Tin Time has arrived at last and data looks frighteningly good!:

    Parts of the physical supply chain appear to have almost totally seized up.

    Fastmarkets has been lifting its assessments of physical premiums since the start of this year and all regions are now at record highs.

    Need tin urgently in Europe? It'll cost you at least $1,000 per tonne over the LME cash price and that's assuming you can find anyone to sell to you.

    If you need it in the United States, it's going to cost you at least $2,000 over LME cash and possibly quite a lot more, again assuming you can find a seller.


    Taiwanese premiums have also shot up recently to $800-900 per tonne, even though Kaohsiung is one of the few LME warehouse locations still to hold metal, albeit only 145 tonnes.

    Indeed, the stress on physical supplies is preventing LME stocks from rebuilding despite that massive backwardation.

    The high premium for LME delivery has enticed odd parcels of metal into exchange warehouses but what has arrived has turned around and departed just as quickly.



    Tin prices have been rising towards the $26,000 per tonne level, up almost 30% so far this year and within striking distance from February’s 10-year high of $26,870 amid tightness in the physical supply chain in both the US and Europe while flows from Asia have been disrupted by backlogs in the container shipping market. Meantime, consumption continues to run strong due to higher demand for electric vehicles, growth in US home building, and as remote working boosted demand for computers and other electronic devices. According to the International Tin Association, the global market has been in a supply deficit for the last three years. There is room for further upside momentum as the near-term supply gap can only come from expansion or revival of existing mines given the time it takes to get a permit for and dig a new mine.

    Tin27,620.00490.001.81%
    Today even the Tin Price Graph looks perfect (off the chart!)
    We are in Commodities Super Cycle...
    Who is going to grab us with our Tin and Silver/Gold Prospects??? ... or finance our mine + exploration?

    https://tradingeconomics.com/commodity/tin
 
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