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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.
Two new tinplate lines for China (09 Feb 2010)
Yi Chang Three Gorges Quan Tong Colored and Galvanized Plate Co Ltd China has awarded to Tenova of Italy contracts for the supply of two high speed Electrolytic Tinning Lines equipped with insoluble anodes technology and two high speed Electrolytic Chromium Coating Lines. The four lines (each having an annual production capacity of 250,000 tpy) will produce tinplate and ECCS (tin-free steel) for the high quality end of the Chinese packaging market and could be in production by the middle of 2011.
Bluestone venture to start 1 March (08 Feb 2010)
The new joint venture under which China’s Yunnan Tin Group will take a 50% stake in Metals X’s Tasmanian tin assets will come into effect on 1 March 2010. The YTG will pay A$50 million for the 50% stake in Bluestone Mines Tasmania Pty Ltd and has the option to take a further 10% at a price to be determined by operating performance in the next 12 months.
Timah to maintain sales in 2010 (05 Feb 2010)
PT Timah’s President reported that the company’s sales volume may be 49,000 – 50,000 tonnes of refined tin in 2010. At the same time it expects to increase capital expenditure to Rp 600 billion (US$64 million) and is re-visiting previously delayed plans to acquire coal mining operations to diversify its business.
Police close Bangka smelter (05 Feb 2010)
Indonesian police has shut down a tin smelter owned by CV Makmur Jaya on Thursday morning on suspicion of illegally processing tin ore obtained from outside the firm’s mining area. The police seized 40 tonnes of tin ingots and 63 tonnes of tin concentrates from the smelter’s warehouse. CV Makmur Jaya is one of 31 companies licensed by the trade ministry to export tin, having received its licence in November 2008.
Source: ITRI 08 February 2010
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