Brazil production slumps
Brazil’s mine production of tin fell by over 20% last year, according to figures released by industry association Sindicato Nacional da Indústria da Extração do Estanho (SNIEE). Refined tin output also declined slightly, although Brazilian...
Ebullio reports big loss in February
Ebullio Capital Management LLP, the UK-based hedge fund which last year was widely reported to have held a dominant position in the LME tin market, reported a minus 86% return in February, but remains in business. In a letter to investors quoted by Bloomberg News,...
Private smelters predict fall in Indonesian output
In an interview with Reuters on Wednesday, Johan Murod, director of PT Bangka-Belitung Timah Sejahtera, a consortium of seven private smelters, predicted that tin production from Indonesia’s main tin region could drop to 50,000 tonnes in 2010 as controls on...
China’s tin production up in January-February
Provisional data released today by the National Bureau of Statistics shows that China’s refined tin production in January-February was 20,300 tonnes, 94% higher than in the same two months of 2009, Bloomberg reported. Production of all other LME metals also rose...
Completion of Metals X – Yunnan Tin deal further delayed
Metals X announced today that there is a further delay in completing a deal to form a 50:50 joint venture with Yunnan Tin Group and partners to control its Tasmanian tin assets. Trading in Metals X shares on the Australian Stock Exchange was suspended yesterday...
Pirquitas tin production to start in Q2
Silver Standard Resources said that it will start producing tin concentrates at its Pirquitas silver-tin-zinc mine project in Argentina in the second quarter of this year. The mine started commercial production of silver on 1 December last year and produced 1.1...
South Korea agency announces tender result
South Korea has bought 200 tonnes of tin ingot for May 31 arrival at the port of Busan via a tender that closed on Friday, the state-run Public Procurement Service (PPS) said. The procurement agency bought the metal of Malaysian origin and more than 99.9 percent...
LME lists Kundur brand
The London Metal Exchange has approved the brand listing of the tin manufactured at PT Tambang Timah's Kundur smelter in Indonesia, the exchange said Wednesday. The tin smelter is able to produce 5,513 metric tons of tin a year in the shape of ingots with a piece...
No bids in Korean tender
South Korea has reissued a tender to buy 200 tonnes of tin ingot, after passing on an earlier auction closed on Friday due to a lack of bidders, the state-run Public Procurement Service (PPS) said. The agency is seeking metal with more than 99.9% purity, excluding...