|
Column 1 |
| 0 |
|
Column 1 |
| 0 |
|
Column 1 |
| 0 |
|
Column 1 |
| 0 |
Tin in the News
While the LME tin price has fallen almost $1,000 over the course of April, it remains within the $19,000 to $21,000 trading range we have seen since the beginning of 2017. While LME stocks remain low at a little over 3,000 tonnes, Indonesian tin trading activity in the second half of the month has been particularly strong, which may be contributing to the price weakness.ITRI would also like to invite our readers to join us on 1 June for our free London tin seminar, at One Great George Street in Westminster. Further details and registration information are available below. In other news this week we include an important announcement on the ITRI Code of Conduct, a summary of Brazil's production in 2016, news of significant progress at the Bisie tin project and highlights of ITRI's recent futures hedging seminar in Shenzhen in China.Tom Mulqueen - Manager, Markets |
|
|
|
|
Column 1 |
Column 2 |
Column 3 |
| 0 |
Join us for our 6th London Tin Seminar on 1 June
|
 |
|
We invite all our readers to join us for our sixth London tin seminar at One Great George Street in Westminster on 1 June. Further details can be found in the event flyer, available here.The seminar will focus on the tin market outlook with speakers from ITRI, Macquarie, LME, and ITRI's Explorers and Developers Group covering all the key price drivers, opportunities and initiatives in the tin market in 2017 and beyond. This event is supported by ITRI’s Explorers and Developers Group, whose members are working to develop a number of leading tin projects globally. More information on the Group and its current members can be found here. Attendance is free but spaces are limited so RSVP as soon as possible to [email protected] if you would like to attend.
[/table]
|
Column 1 |
Column 2 |
Column 3 |
| 0 |
Leading tin producers to report on Code of Conduct standards
|
 |
|
20 April: ITRI and member companies have developed a new industry Code of Conduct specifically designed for global tin mining and smelting operations and addressing the growing expectations of tin users and consumers. Now we are pleased to announce that our members, as leaders in the tin production sector, will begin voluntary reporting against these industry standards in Q3 of 2017.The ITRI Code of Conduct has 10 Principles addressing basic expectations of legal compliance and publication of policy statements, through consideration of areas of widespread interest such as improvements in environmental performance, health and safety, and protection of human rights, to growing issues around positively impacting upstream suppliers of minerals and responsible metal production.At the most recent ITRI Board meeting participation in the Code was unanimously adopted as a requirement of ITRI membership and all members now expect to produce initial reports in mid-2017. Some reporting will be incorporated into existing company publications while other information will be provided separately to the public and customers.The ITRI Code is also designed to be appropriate to mineral and metal traders who are welcome to participate, particularly in light of the upcoming EU Regulation on supply chain due diligence obligations for importers of tin ores, metal and alloys.More information on the ITRI Code is available on the website here
[/table]
|
Column 1 |
Column 2 |
Column 3 |
| 0 |
Mixed results for Brazil tin output in 2016
|
 |
|
25 April: Provisional data from the Brazilian tin association, Sindicato Nacional da Indústria da Extração do Estanho (SNIEE), reveals a 9.5% increase in tin mine output to 12,606 tonnes in 2016 compared to 2015, although refined tin production fell 1.6% to 11,663 tonnes over the same period.Minsur's Brazilian subsidiary, Taboca, remains the top producer of both tin ore and metal, with mine production of 6,864 tonnes and refined tin output of 5,873 tonnes, both accounting for just over 50% of the national total. White Solder was the second largest refined tin producer in the country, with output of 2,731 tonnes in 2016, while metal production by other smaller producers was estimated at 3,000 tonnes. Tin mine output of the Coopersanta and Coopermetal cooperatives totalled 1,743 tonnes, up 5.2% from 2015, while mine production by other parties was estimated at 4,000 tonnes in 2016.Domestic sales of refined tin by producers rose 10.1% to 4,553 tonnes in 2016, while exports direct from producers fell 16% to 5,049 tonnes. Total official Brazilian exports of refined tin fell 12% to 7,104 tonnes.ITRI View: Besides the impact of the low tin price in early 2016, Brazilian tin output appears to have been largely unaffected by political instability and currency value fluctuations last year. There are also positive signs for short and medium term increases to output. Official guidance for Taboca in 2017 is 6,500 to 7,500 tonnes of refined tin following the end to power disruptions at the mine and processing plant improvements. Also, in early 2017, TSX-listed Meridian Mining entered into a joint-venture with the Coopersanta and Coopermetal co-operatives and is now carrying out a drilling programme at the Bom Futuro Mine licenses in Rondônia. The outlook for production from these licenses is more positive as a result of this external investment.
[/table][/table][/table][/table]
(20min delay)
