Tin

Tin Market to trade between US$20,800-US$21,000 this week

Dealers on the Kuala Lumpur tin market say the price of tin is likely to continue the strong performance that began last week with the bulk of demand coming from Europe

Look to Australia for new tin supply

Peter Kettle, manager of statistics and market studies at the International Tin Institute (ITI), had some interesting things to say about tin at the close of the Investing in Tin conference in London. As reported in Robin Bromby’s column in The Australian, Kettle remarks that Australia could be the main source of new tin mine production in the next five years.

Minsur aims to quadruple tin output at Brazilian mine, CEO says

Bloomberg reported Minsur SA (LIN:MINSURI1) aims to quadruple production at the Pitinga mine in Brazil in four years.

London Metal Exchange could sell out

Bloomberg reports the London Metal Exchange which handles some 80% of global trade in industrial metals futures, told members it may get a takeover offer after multiple approaches from potential bidders.

The 134-year-old exchange is owned by the trading houses and banks like Barclays and JP Morgan that trade on the market which keeps fees low. Despite talk of an $1.2 billion offer as far back as 2008, it is unclear how receptive they would be to selling out after a senior executive of the exchange told Reuters in March it had no plans to change its independent status despite increasing competition, particularly in Asia.

Copper, Nickel, Tin Slump on European Debt, Global Growth Risk

Sept. 23 (Bloomberg) — Copper dropped to the lowest in more than a year while nickel and tin plunged as the deepening European debt crisis and threat of a U.S. recession spurred investor concerns that demand for raw materials will slow. Copper for

BNP Paribas makes cuts across the board for its outlook on base metal prices

Dow Jones, via Fox News, reports that BNP Paibas analysts are cutting their outlook for base metal prices.

Nigeria: Mining Sector to Generate Two Million Direct Jobs

Stakeholders in the mining sector said they are targeting to create about two million direct jobs for Nigerians from the sector.

Under the Progressive Miners Empowerment Association (PMEA), the miners said if about N200 billion is injected into the sector, it would be revived.

South Korea seeks 100 tonnes tin ingot for November arrival

Reuters reported that South Korea is seeking 100 tonnes of tin ingot via tender for November 11th 2011 arrival to the port of Incheon.

Indonesian Timah’s refined H1 tin output down 5%

Refined tin production at Indonesia’s Timah, the world’s largest integrated tin miner, fell 5 percent in the first half of this year compared with a year ago, the state-owned company said on Thursday.

Tin miner Leviathan Minerals closes $5 million financing and acquisition

Leading tin miner Leviathan Minerals Group Incorporated, a Delaware corporation recently announced that it completed the acquisition of all outstanding stock of Top Yield Holdings Limited, a company organized in the British Virgin Islands.