extract of article linked below
More good news. In fact, possibly great dollops of it for the range of technology metals, potash/phosphate, and uranium followers. But let’s start the wrong way around, arguing the case from the particular to the general (which university philosophy students learn from the start is not a good thing to do). But what the hell: Australian emerging tin producer Stellar Resources (ASX:SRZ) announced Friday (Sydney time) it had raised A$2.6 million after selling 50 million shares to Capetown SA, a private family company based in Luxembourg. Capetown SA has a long association with the tin and owns 40-year-old metal recycling company, Metallum.
Tin is one of our key critical metals (stockpiles in London Metal Exchange warehouses fell to just 9,580 tonnes this week) and an important technology metal, vital for solder in electronics. The investment out of Luxembourg is another sign that wallets are being opened again, especially for metals that look like being in short supply (which sure applies to tin and — incidentally — the commodities team at French bank BNP Paribas this week picked tin as one metal to back this year).
- See more at: http://investorintel.com/rare-earth-intel/citi-says-worst-commodities-must-heartening-news-technology-metals/#sthash.2h9Viceh.dpuf
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