NIU 0.00% 2.0¢ niuminco group limited

Tin price increasing, now would be a good time to become a tin...

  1. 438 Posts.
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    Tin price increasing,
    now would be a good time to become a tin producer and have two sources of income!

    USD tin price increased 44 percent

    LME stocks declined 43 percent
    29 July 2016 and reported a 12 year low of 2,895 tonnes

    Chinese mine production down due to costs & environmental control

    Indonesian refined production down with announced smelter closures

    Myanmar mine reportedly in decline due to mine closures, albeit significant stockpiles remain

    Approx. USD tin price US$21,000/t

    ITRI forecast US$30,000/t by 2020

    Approx. AUD tin price @ A$27,750/t

    Tin is being increasingly linked to energy storage and generation which will place further pressure on LME stocks.

    ITRI have reported increased tin demand for lead‐acid batteries (now the fourth largest use of tin after solder, chemicals and tin plate) plus potential new applications for tin (including lithium‐ion batteries, solar panels and fuel catalysts)

    Dare I not forget our gold producing mine along with the May river and Bolobip Projects!

    Mr Market we are so under valued!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    FID
 
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