I've just read an article on Bloomberg : Indonesia a major producer exporter of Tin worldwide has put in place new stringent purity smelter laws July 1 to increase the purity of production. This is expected to decrease export production by about 20% between 74000 tonnes a year and 79000 tonnes a year. There is also expected to be a decrease in global supply by about 12000 tonnes this year. The tin price can be expected to revert back to $24000 a tonne on the LME in coming months with tight supply and increasing demand in the electronics industry. With the Australian dollar dropping favorably against the US Greenback, $24000, amounts to AUD $26600 a tonne in real terms at .90 cents.
It would be fantastic if Trafford surprised the Market here with a high grade near surface tin discovery, at very low levels between 50m and 100m deep. Perfect for an open cut mine.
Lookout for that Tin Man ;)
TRF Price at posting:
9.1¢ Sentiment: LT Buy Disclosure: Held
