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Tin in the News (30 September 2011) |
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Source: ITRI Ltd
Indonesian companies plan Jakarta tin market (30 Sep 2011)
It was aanounced that all Indonesian producers would halt exports of tin with effect from 1 October 2011. Members of the Indonesian Tin Industry Association would establish a Jakarta Tin Market (JTM) as the sole market for Indonesian tin products. The JTM, to be jointly operated by 24 Indonesian tin miners led by state-owned PT Timah, would allow local producers to control the prices charged for their tin products, a process hitherto controlled by foreign brokers and traders.
Indonesia has been shipping 8,000 – 9,000 tonnes a month of tin to the rest of the world recently, so this move will soon make a big difference to availability |
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Tin in the News (21 September 2011) |
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Source: ITRI Ltd
Traders in queue for tin (21 Sep 2011)
Total opening stocks in LME exchange warehouses on 20 September stood at 21,020 tonnes, of which 3,320 tonnes were cancelled warrants (ie waiting to be withdrawn). Most LME tin stocks are held in Singapore and Malaysia, and there are reports of long delays in moving the metal out of the Johor warehouses in Malaysia. One tin trader was told it would take six weeks to withdraw two containers from Johor.
The aluminium and zinc traders have had problems with delays in moving metals for some time but the impact is now being felt in the tin market. The run on LME tin stocks is mainly related to strong demand from China, where the local physical market price remains at a very large premium to the LME price. |
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Tin in the News (14 September 2011) |
Source: ITRI Ltd
Tata cuts UK tinplate production (14 Sep 2011)
Tata’s UK steel operation will temporarily close its Trostre tinplate works (located near Llanelli, South Wales) due to poor weather conditions resulting in bad harvests and low beverage sales and accordingly a significant reduction in demand for tinplate cans for food and beverage packaging.
The move by Tata follows earlier cutbacks in European tinplate production by ArcelorMittal at its plants in Spain and France. |
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Tin in the News (09 August 2011) |
Source: ITRI Ltd
2012 International Tin conference Update and Call for Papers (09 Aug 2011)
ITRI is calling for papers for the 2012 International Tin Conference, to be held at the Mount Nelson Hotel, Cape Town, South Africa, April 23-25, 2012.
It is envisaged the programme will include sessions covering new tin supply, regional markets, applications, environment, responsible supply chains and recycling. Networking events and a separate seminar dedicated to the conflict minerals issue have been planned.
ITRI welcome offers to make presentation at the event or suggestions for speakers and topics to be included. |
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Tin in the News (07 September 2011) |
Source: ITRI Ltd
Higher premium at latest Korean tender (07 Sep 2011)
South Korea’s Public Procurement Service (PPS) has bought 100 tonnes of standard grade tin from Hanwha Corp. for delivery by 11 November at a premium of US$800/tonne to LME tin price on c.i.f. basis. At its previous tender, announced on 22 August, the agency bought 300 tonnes from LG International for delivery by 4 November at a c.i.f. premium of US$577/tonne. |
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