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Tin in the News (02Mac10) |
Cookson reports H2 revival in sales and margins (02 Mac 10)
Cookson Group, the world’s largest solder producer, reported much improved results for H2 2009. Although the 2009 sales of solders fell by 22% after adjusting for changes in raw material prices and exchange rates, the drop was due to a 33% year-on-year decline in the first half. Second half sales were 19% higher than in the first half. Sales of the higher margin solder paste were unchanged whereas volumes for the more commoditised products such as bar solder were down 30%. This trend reflected the continuing shift from wave soldering to surface mount technology for the production of PCBs.
Since late March 2009, electronic materials end-markets had progressively improved as customer de-stocking came to an end and end-markets recovered. |
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Tin in the News (11Feb10) |
ITRI announces results of New Annual Tin Market Survey (09 Feb 2010)
ITRI has released the results of its 5th Annual Tin Use and Recycling Survey.
The main findings of the latest study by ITRI are as follows:
• Global estimated tin consumption fell 6.1% from 360,500 tonnes in 2007 to 338,400 tonnes in 2008.
• The solder industry continues to account for over half of refined tin consumption, although its market share has declined marginally from 2007.
• Tinplate’s share of the market has increased slightly, to over 17% in 2008, as the tonnage of tin used in this application remained stable while use in other products fell.
• Estimated tin use in almost all applications declined in 2009 with the exception of float glass as a result of the construction of new plants last year.
• More tin is recycled in alloy form than as refined metal.
A total of 147 companies worldwide using over 147,000 tonnes of refined tin (or 43.6% of estimated tin use globally in 2008) took part in the above survey. |
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Tin in the News (08Feb10) |
Top Tin Producers in 2009 (02 Feb 2010)
Data collected by ITRI showed the top six tin producers in the world as follows:
Yunnan Tin (China) 55,898 tonnes
PT Timah (Indonesia) 45,800 tonnes
Malaysian Smelting Corp (Malaysia) 36,407 tonnes
Minsur (Peru) 33,920 tonnes
Thaisarco (Thailand) 19,300 tonnes
Yunnan Chengfeng (China) 14,947 tonnes.
All are members of ITRI. The total tin production from ITRI member countries in 2009 was 229,000 tonnes and accounted for just over 70% of estimated world tin metal production last year. |
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Tin in the news (21Jan10) |
Yunnan Tin capital raising (20 Jan 2010)
The Yunnan Tin group is embarking on two capital raising exercises in late January, with the listed Yunnan Tin Company carrying out a rights issue and the group holding company issuing three year notes. In total some RMB 2.2 billion yuan (US$322 million) is to be raised to help financing of various projects. Yunnan Tin Co Ltd is the world’s largest tin producer. |
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Tin in the news (28Jan10) |
According to a large scale poll conducted by Reuters, the mean prediction of the 27 companies which provided forecasts for tin was an annual average LME price of US$16,555/tonne for 2010 and US&17,800 for 2011.
ArcelorMittal cuts Weirton workforce (26 Jan 2010)
ArcelorMittal, a leading US tinplate producer, will lay off 171 steelworkers at its tin mill in West Virginia to remain competitive amid “extraordinary economic conditions”. |
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