The Tin hungry world desperate for a serious climate crisis remedy ... may force us to start Mt Lindsay project sooner then the in the normal oz pace of 2 years from the last mining approval date and FID... as the situation is desperate according to Reuters:
LONDON, Nov 8 (Reuters) - Tin remains the superstar of the London Metal Exchange (LME) industrial metals pack.
At $37,350 a tonne LME three-month tin is up 77% since the start of the year, far outstripping aluminium, which is the second-strongest performer with a gain of "only" 26%.
The London tin market has been characterised by extreme supply tightness since February. The premium for cash metal closed last week at $1,050 a tonne, a level that was unprecedented until this year.
LME stocks total only 720 tonnes, having failed to rebuild despite the huge incentive for physical delivery. Shanghai Futures Exchange inventory is down to 1,256 tonnes and between them the two terminal markets hold enough tin to cover a minimal two days of global demand.
There have been a couple of flash crashes in recent months and there could be more. But even if blown 20% off course by a tsunami of selling, tin would still be priced close to pre-2021 historical highs.
If a supercycle means a permanent shift higher in pricing, then tin ticks the right boxes..."
(20min delay)