Indonesian consortium re-starts smelters (19 Jan 2010)

Indonesia’s Bangka Belitung Timah Sejahtera (BBTS) has restarted operations after almost two months of limited ore supplies duet o bad monsoon weather and increased police activity against illegal small-scale mining.  However, PT Timah and PT Koba were neither affected by the rain nor the crackdown.

LME trading volumes down, but tin soars (18 Jan 2010)

After four years of record volume trading, LME activity remained relatively flat in 2009, with 111.9 million lots traded, 1% down from the 2008 figure of 113.2 million, but still the second highest trading volume in the Exchange’s history.  Tin, however recorded a spectacular 211% increase in volume to 4.6 million lots (of 5 tonnes).

Indonesian miners must supply domestic market first (15 Jan 2010)

Indonesia, the world’s biggest tin exporter and Asia’s largest shipper of power-station coal, may force miners to cut production if they fail to supply the domestic market under a regulation which came into effect in 2010.  The regulation appears to be mainly aimed at power coal producers and seems unlikely to affect tin supplies.  Indonesia’s annual tin consumption is some 2,300 tpy and tonnage of tin authorised for export in 2009 was 99,287 tonnes.

Chemtura to sell tin stabilisers business (15 Jan 2010)

Chemtura, one of the world’s leading tin chemicals companies, has entered an agreement to sell its PVC additives business, with SK Capital the lead bidder.  Chemtura’s PVC additives business had revenues of US$374 million in 2008 and US$177 million in the first nine months of 2009.  It has its own manufacturing plants and toll production agreements in North America and Europe.


(Source:  ITRI 21 January 2010)
 

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