I agree. I'm hopeful, but also cautious. I believe there are a few things in our favour, or at least looking good. I'm keeping a close eye on two things over night:
1) LME tin price over night (be nice if we crack $20k USD) 2) LME Tin stocks
It appears as though the Tin price has flatlined (not an expert), and today seen the 3rd consecutive day increase in the price. This has not occurred often since 30 June. If tomorrow is a positive increase in tin price, it may be the start of good things to come.
Secondly, the LME Tin warehouse stocks appear to be decreasing, with a clear reversal occurring at the end of September. I'm hoping to see a continual downtrend in LME tin stocks as the alluvial cycle picks up, and hopefully some positive news out of China with regards to 0 covid policy.
Probably still too early to call a reversal in the tin price, but if this recent upward trend continues for a few days, that'll have some positive impact on our sp.
ALL IMO, NOT ADVICE
MLX Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
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