Minsur profits, sales down

Nov 3, 2009

Peruvian tin miner Minsur SA said its third-quarter net income totaled 137.7 million soles (US$47.3 million) compared with PEN298.7 million in the same quarter a year earlier, Dow Jones reports. Third quarter net sales were PEN399 million compared with PEN639.4...

Timah production and margins revive in Q3

Nov 3, 2009

Indonesia’s PT Timah reported a strong revival in its production volumes in the September quarter, while profitability was also considerably improved compared to the first half of the year. The state-controlled tin company reported tin-in-concentrate production...

Japan imports remain low

Nov 2, 2009

Japan’s tin imports fell by 38% year-on-year to 15,181 tonnes in January-September. The drop was mainly due to very poor consumption in the first 4 – 5 months of the year, although imports in September were also very low, at 1,462 tonnes, down 48% on the...

China reduces export quotas

Nov 2, 2009

China’s commerce ministry announced reduced 2010 quotas for exports of tin, tungsten, antimony and magnesium over the weekend. Quotas for molybdenum, indium and silver were unchanged. Nest year’s quota for tin and tin products is 21,000 tonnes, down from...

Metals X-Yunnan Tin deal delayed

Nov 2, 2009

The deal announced in July under which China’s Yunnan Tin Group is to acquire up to 60% of Metals X’s Tasmanian tin assets as part of a joint venture between the two companies is on hold pending approval from Australia’s Foreign Investment Review...

Analysts raise short- and long-term metal price forecasts

Oct 19, 2009

Most analysts have raised their price forecasts for most LME metals, according to two separate surveys published by Reuters last week. Reuters surveyed views both on likely annual average prices in 2010 and for long-term (beyond 10 years) averages. The biggest upward...