MLX sluffed by tin price which has fallen about $2,000 US/ton to just above US$17k. Entry of new producer in DRC with 10K tons pa, from Kivu (dreadful place, very dangerous, out of control) to world total production of about 300k tons pa.
New info, China is now mainly reliant on concentrate imports from Maw province in Burma/Myanmar. Production peaked here at 50k tons in 2017 and has declined by 38% this year. Added to that the wet season is July to October when it is difficult to transport on the roads available and sometimes impossible. Chinas refined tin production is about to fall sharply therefore, this quarter. China produces about half of refined tin.
Will this see a bounce back in tin price? Wait for the next exciting episode...
Ann: Quarterly Activities Report, page-36
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Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $385.1M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 41.5¢ | $588.2K | 1.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 263165 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 64147 | 7 |
View Market Depth
| Last trade - 14.19pm 13/05/2024 (20 minute delay) ? |
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Last
42.0¢ |
Change
-0.015 ( 3.02 %) |
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| Open | High | Low | Volume | ||
| 43.0¢ | 43.0¢ | 41.5¢ | 885718 | ||
| Last updated 14.49pm 13/05/2024 ? | |||||
| MLX (ASX) Chart |