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.
$$$
At 50k+ ton, all bets are off.AFM, Myanmar, Indo and any other...
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $394.2M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.8¢ | $150.1K | 348.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11409 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 194596 | 19 |
View Market Depth
| Last trade - 12.43pm 05/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |