Tin

Tin Exports From Indonesia Tumble Most in Five Months in April

By Yoga Rusmana

Tin shipments from Indonesia, the world’s largest exporter, dropped 16 percent in April from a month earlier, the steepest decline in five months, after smelters cut production because of a slump in prices.

Exports, which include tin ingot and solder, fell to 7,853.1 metric tons last month from 9,295.7 tons in March, the Trade Ministry said in a statement today. Shipments were 7,489.3 tons a year earlier, according to data compiled by Bloomberg. Read more

Tin beating all metals on fourth year of shortages

By Agnieszka Troszkiewicz and Yoga Rusmana

Indonesia, the biggest tin supplier, is poised to ship the least metal in a decade, extending shortages into a fourth year at a time when surpluses are emerging for most other industrial metals.

Sales will drop 24 percent to 75,000 metric tons because most smelters won’t meet a higher purity standard that starts in July and ore reserves are diminishing, Read more

China Tin Consumption, Output Seen Rebounding in 2013 by ITRI

Tin consumption and output in China, the biggest user, will rebound next year after an economic slowdown lowered demand and kept smelters reluctant to produce, according to industry group ITRI Ltd.

Consumption will gain 4 percent to 152,000 metric tons in 2013 after falling 5 percent this year, Cui Lin, chief representative in China, Read more

Tin miners struggling to fund projects, deeper shortages loom

By Eric Onstad

Companies seeking to build new tin mines are struggling to finance the projects, which could deepen shortages in a market that is already in deficit and exacerbate price moves that are already volatile.

Financing any new mine has become difficult following the global financial crisis, Read more

Indonesian Tin Smelters Resume Output After Metal Rallies

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By Yoga Rusmana and Eko Listiyorini

Tin smelters in Indonesia’s largest producing region have restarted output after prices rallied, boosting supplies from the world’s biggest exporter, according to an industry group and an executive.

About 70 percent of smelting capacity in Bangka-Belitung province is being used, Hidayat Arsani, president of the Indonesian Tin Mining Association, Read more

Indonesian Tin Smelters Halt Output Amid Bear-Market Rout

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By Yoga Rusmana and Eko Listiyorini

As many as 14 tin smelters in Indonesia halted production after prices fell into a bear market, while others scaled back operations, according to an industry group and executives in the world’s largest shipper. Tin rallied.

“Current prices cannot cover production costs anymore,” Hidayat Arsani, president of the Indonesian Tin Mining Association, said in a phone interview from Pangkal Pinang, Read more

Indonesia’s Tin Exports to Drop as Low Prices Curb Output

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By Yoga Rusmana and Eko Listiyorini

Refined-tin shipments from Indonesia, the largest exporter, probably dropped to the lowest level in five months in June as miners reduced production because of lower prices and bad weather disrupted ore supplies to smelters.

Exports fell 7.2 percent to 7,300 metric tons last month from 7,866 tons in May, according to the median estimate of four smelter executives and an analyst in a Bloomberg survey. That’s the least since shipments of 5,380 tons in January and compares with sales of 10,875 tons in June 2011. The Trade Ministry is expected to release the data next week. Read more

Bolivia to Revoke Glencore Tin Mine Lease, Mining Minister Says

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By Sara Shahriari

Bolivian Mining Minister Mario Virreira said the government intends to revoke a lease granted to Glencore International AG to operate a tin and zinc mine in the southwest of the country, state information agency ABI said.

State mining company Comibol, which owns the mine, will become the operator of the asset along with workers cooperatives pending community approval, ABI said. The lease is operated by Glencore unit Sinchi Wayra. Read more

Indonesian Tin Output Seen Falling as Global Demand Wanes

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By Yoga Rusmana

Refined-tin output from Indonesia, the world’s largest exporter, may drop this year as the European debt crisis slows economic growth and hurts demand, according to the head of an industry group.

“If prices stay at the current level, production will most likely decline,” Hidayat Arsani, president of the Indonesian Tin Mining Association, said in an interview yesterday in Pangkalpinang, capital of Bangka Belitung, the country’s biggest producing region. Output was about 90,000 metric tons last year. Read more

Tin Shipments From Indonesia Climb 5% in May, Ministry Says

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By Eko Listiyorini and Yoga Rusmana

Refined-tin shipments from Indonesia, the world’s largest exporter of the metal, climbed 5 percent in May from a month earlier as the country is entering peak production season.

Exports gained to 7,866 metric tons last month from 7,489 tons in April, according to data released today by the Trade Ministry. Sales were 7,013 tons in May last year. Read more

Tin Exports From Indonesia Seen Dropping to 2-Year Low as Rains Hurt Mines

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By Yoga Rusmana and Eko Listiyorini

Refined-tin shipments from Indonesia, the world’s largest exporter, may decline in the first quarter to the lowest level in two years as monsoon rains disrupt mining, according to a Bloomberg News survey.

Exports may drop 11 percent to 20,000 metric tons from 22,568 tons a year earlier, according to the median estimate in a survey of four company executives, an analyst and a trader this week. That’s the lowest for any quarter since the first three months of 2010 when sales were 19,975 tons, data from the trade ministry showed. Read more

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Chinese paying a premium for tin imports

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WHEN it comes to figuring out what is going on in the tin market, it seems to be a case of rounding up the usual suspect.

That, of course, is China, the world’s biggest producer both in terms of mining and refining. But it needs to import the metal to meet demand and China’s tin imports in September were up 125 per cent on the August figure and 167 per cent higher than in September last year. Read more

Indonesia’s Biggest Tin Producer Resumes Exports After Ban; Futures Slump

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By Yoga Rusmana and Eko Listiyorini

PT Timah, Indonesia’s largest tin producer, will resume exports after prices rebounded, withdrawing from a nationwide halt to shipments agreed by producers last month to counter a rout. Tin slumped for the first day in seven, while Timah shares advanced.

“As soon as the ships arrive, we will export,” Wachid Usman, president director at Pangkalpinang, Bangka-based Timah, said in a telephone interview from Jakarta today. “We haven’t been exporting since the end of last month.” Read more

Rwandan Mining Companies Expected to Boost Tin Exports Amid Record Prices

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By Heather Murdock

Tin producers in Rwanda including Rutongo Mines Ltd., the country’s biggest miner of the tin ore cassiterite, plan to boost exports as the East African nation seeks to gain from record prices for the metal, officials said.

Rutongo expects to double shipments to 200 metric tons a month by the end of 2012 from 100 tons currently, Michael Biryabarema, general director of the Rwanda Geology and Mines Authority said in a phone interview on June 28. The company, a joint venture between Rwanda’s government and Switzerland-based Ruddington Services AG, has increased exports from 3 tons a month three years ago, he said. Read more

Tin Advances to Record, Copper Gains to One-Month High, on Growth Optimism

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By Glenys Sim

Tin jumped to a record, and copper and zinc climbed to one-month highs on optimism global economic growth will sustain demand for industrial metals. Lead advanced to the highest level in three years and aluminum reached the highest price since September 2008.

Three-month delivery tin on the London Metal Exchange rose as much as 1.1 percent to $32,915 a metric ton. Copper gained as much as 1.8 percent to $9,839.50 a ton, the highest price since March 7, as the dollar slumped to the lowest since December 2009 against a six-currency basket. Read more