Tin in the news...

From the Tin-man, Peter Kettle.
(Lucky we have the Aussie dollar exchange rate to help us out!)
Hmm, Yunnan Tin? Aren't they the ones helping us out???

;-)


19 March, 2015

Tin in the News

Our latest listing of production by the leading tin companies is included in this week's report. Other stories cover the new Shanghai tin futures contract and projects in Germany and Morocco.

Market sentiment remains bearish, with LME prices falling below $17,000/tonne. This is part of a continuing general sell-off in commodities, which has mirrored the rise in the US dollar. Fund selling could push tin lower in the short-term, but we don't believe there is any real over-supply of tin now.

Peter Kettle, Manager - Markets

The top 10 refined tin producers of 2014


Eight of the top ten refined tin producers increased production in 2014, including all of the big four companies, latest data collated by ITRI shows.

The companies included in the 2014 ‘top ten’ producers table remains the same as the previous year.  One of two notable changes in 2014 was PT Timah rising above Minsur, who ended the year in 3rd and 4th respectively. However, when production of 5,010 tonnes from Minsur’s subsidiary, Taboca, is included, Minsur remains in 3rd position. Additionally, Yunnan Chengfeng rose into 5th place to displace Thaisarco, who dropped into 6th.

All Chinese companies in the top 10 increased refined tin production in 2014, largely due to the increase in supply and availability of tin ore and concentrates from Myanmar. Yunnan Tin produced a record highest annual tonnage of refined tin for the 3rd year running.

Indonesian export restrictions helped PT Timah reverse a long term decline in refined tin production. ITRI is currently working to obtain production information from the private Indonesian smelters, as it is likely that the largest of these should rank just inside the top 10.

Refined tin production was maintained by Minsur in 2014 by depletion of concentrate stocks. Pressure from falling grades at San Rafael should be somewhat alleviated by the development of the Bofedal II tin tailings project and increased production from Taboca, which is expanding its Pitinga mine operation.