Tin held up well last nite . It was roughly even in AUD terms , another excellent performance in the present sentiment .Fundamentals for tin are still strong with stockpiles withering away to less than 3 days worth . Many Chinese mines are unprofitable below $19,000 US as the currency hasnt been good to them .So expect more production cutbacks from China and Indonesia . Whats happening here is that the paper market for metals and the currencies combined are destroying the profitability of our main competition ,but MLX still have excellent margins ,as in AUD tin is wll over $20,000. Tin will bounce again soon which will make MLX very profitable .
MLX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)