http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Sn_stock
LME 1,910 $19,250/ton (A$25,540 (0.7537))
Big fall in tin price over the past wk or so....we previous big falls, we have often seen strong rebounds....time will tell....LME warehouse levels have continued to sit at 14yr (all time) lows for 3 weeks now....and we're not into Sep yet, the traditional low for supply out of Myanmar. Hopefully this time we will push above US$21,000 and move towards US$22,000/ton again....
I agree that MLX is watching SRZ as MLX has a 600,000 ton/yr crusher they haven't been able to get up to/keep at capacity....either that or they will supply the funding for crusher/processing on site or take over once DFS released and if MLX partner is happy and if tin price north of US$22,000/ton (highly likely).....a few if's there but why miss the chance for extending/adding to Renison at a cheap price in a rising tin price environment.
Kind regards, SEAH.
Tin 2018, page-119
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