At 50k+ ton, all bets are off.
AFM, Myanmar, Indo and any other tin pot () miner with a gramme of sn, will feed as much as they can into the market.
Like a frog in a saucepan, the tin price really needs to execute a gradual increase, and perceive to follow inflation only, simply to stop these surges of excess supply, as the buyers will load up each time there is a notable pullback in price.
Dunno how that will play out however...
It would be VERY intriguing if they do stick to their guns however, and Alphamin/Cornish throttle output , in order to extend mine lives.
$$$
Ann: Change in substantial holding, page-22
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41.5¢ |
Change
0.010(2.47%) |
Mkt cap ! $371.5M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 42.0¢ | 40.5¢ | $571.6K | 1.383M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50076 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 253197 | 5 |
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