Mike , fluctuations in the USD -AUD have very little affect on commodity prices in the end .Commodity prices just compensate for the fluctuations . The real effect will be caused by supply and demand . Tin looks more solid than other metals ,and I dont think it matters if there is one use for the metal or 100 uses .Solder is used in all electronics ,and the electronic industry is still growing rapidly .The Indonesians have vowed to set a floor under the Tin price ,so looks very good . MLX have also hedged 950 t at $23,000 US , way higher than the $18, 000 it is now . Thats nearly $28,000 in AUD ,or about $26m worth of tin . Could be worth hedging some AUD now ,but remember ,we could get more interest rate cuts ,weakening our dollar against other currencies . MLX have put in some good moves with the hedging .
MLX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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