Yeah, we are a bit of a ping pong ball, but with the Burma shutdown for redesign on 1 August, there will be a bit of a rush to get ore out to the Chinese smelters before then to pay the bills. On the other hand, there might be a surge in precautionary buying by businesses who use a lot of tin and dont want to get hit too hard suddenly after August by sharply higher prices for the metal. Think the cutback by those Burmese is sensible. If you take a short term attitude to selling ore, and don't recognise that prices further down the track must climb, because of supply and demand, why sell out now for relative peanuts when you can get a better price for longer by waiting. They ain't making any more of it in that thar ground.
MLX Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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