Physical tin ETF makes slow start
The new investor products allowing investors to buy physical tin, nickel and copper via securities traded on the London Stock Exchange have attracted modest demand since their launch on 10 December. Latest data published by ETF Securities Limited on its website shows...
Renison starts copper production
Metals X said that the commencement of copper production at the Renison operation in Tasmania will reduce net costs of tin production by A$1,000 – 1,500/tonne (The Australian dollar is currently at parity with the US dollar). The mine and concentrator is a 50:50...
South Korean stockpile to expand
South Korea's Public Procurement Service said it will raise its inventories of copper, tin and lithium in 2011, Reuters reported. "Demand for non-ferrous metals is projected to rise next year along with expanding Chinese markets, although global economies are...
Another strong month for Indonesian exports
Preliminary data released by the trade ministry indicated that tin shipments from Indonesia in November were close to 9,000 tonnes, following a fairly high level the previous month. The tonnage of tin checked prior to export by surveying companies last month was 8,986...
Vinto trims production forecast
Bolivian state tin producer Empresa Metalurgica Vinto (EMV) will finish the year with output of 11,600 tonnes, company head Ramiro Villavicencio told BNamericas. In June the company forecast production of 13,000 tonnes as a result of the incorporation of the antimony...
Conflict free smelter program
Two electronics industry organisations - the Global e-Sustainability Initiative (GeSI) and Electronic Industry Citizenship Coalition (EICC) - have launched their Conflict-Free Smelter (CFS) program, as part of industry's efforts in response to the conflict minerals...
Tin in first wave of industrial metal ETCs
Three physically-backed base metals Exchange Traded Commodities will be launched this Friday 10 December by ETF Securities Limited. The initial offerings will be of funds holding copper, nickel and tin, with the other LME metals and a basket fund starting next year....
Leading US companies query conflict minerals” reporting “
Top US retailers are seeking to be excluded from proposed reporting rules relating to “conflict minerals” in their own-brand products, Dow Jones reports. The requirement, part of the Dodd-Frank financial law passed in July, aims to pressure companies to...
Fall in Peru’s mine production
Official data released by Peru’s Ministry of Mines and Energy at the weekend showed that production of copper, silver, gold, lead, zinc and tin all decreased in October relative to the same month of 2009. Production of iron ore and molybdenum increased. October...