The Australian: Time to bang the tin drum in a tight market

In his weekend criterion column for The Australian, Tim Boreham reports that the long-awaited reduction in Indonesian tin production is a “blessed relief” for developers such as Stellar Resources.

Indonesian tin accounts for 25% of the market and there were suggestions that Indonesian producers have been mulling the decision to cut output for some months.

Last week, in a move that saw a 7% rise in the price of the “handy industrial metal”; Refined Bangka Tin, the world’s biggest tin producer, announced that it would cease production infinitely – good news for Australian tin exploration and development company Stellar Resources.

As part of his reporting Boreham goes on to reference Stellar’s 100% ownership of the Tasmanian Heemskirk project, and the assertion that it is “the highest grade undeveloped tin resource on the local bourse.”

Throughout the article Boreham’s view of the tin market was a positive one, a perspective Peter Blight, Stellar Resources Managing Director, is very much in agreement with; adding that it is “in much better shape than the price suggests.”

The full article, including comments from Stellar Resources, can be found at: http://www.theaustralian.com.au/business/opinion/tin-miners-worth-a-look-in-a-tight-market/story-e6frg9lo-1227319357831

World’s Biggest Tin Exporter Cuts Output

The largest tin producer in Indonesia, which is the world’s top exporter, is cutting output by as much as 50 per cent. PT Timah will produce 1,500 metric tons to 2,000 tons of refined tin a month starting in April, below this year’s target of 2,000 tons to 3,000 tons.

In a report for Bloomberg, Yoga Rusmana and Dwi Sadmoko write that tin is “used in everything from cans to smartphones”, but PT Timah is seeking to stem the decline in price of the metal by restricting output while the Indonesian government tightens export and trading rules to limit shipments.

As producers cut back, the price of tin is expected to rise, which is good news for developers and explorers such as Stellar Resources. With further disruptions and restrictions to the Indonesian tin market, developers and explorers in stable countries such as Australia could receive more good news as buyers hunt for long-term stable supplies of tin.

To read the full article please visit: http://www.bloomberg.com/news/articles/2015-04-22/world-s-biggest-tin-exporter-cuts-output-after-price-rout

Shortage of supply will strengthen tin price in coming years

At the recent Prospectors and Developers Association of Canada conference, corporate advisory firm Hallagarten & Co’s principal and mining strategist, Chris Eccleson, spoke of how tin’s muted performance in 2014 obscured the potential for price rises and robust margins in the coming years. Eccleson revealed that most commentators and market participants believed that current prices represented a trough, and concluded that “overall, we have things set up for a pretty bullish-looking scenario in tin for the next few years.”

Discussing the global tin market, Eccleson noted how Indonesia, Malaysia and China were currently closed markets, and Bolivia and Burma were attached with high political risks. He said that there had been some interest in the old Australian regions, which is positive news for developers and explorers such as Stellar Resources.

To read more about this story featured in Mining Weekly, click on the link below:

www.miningweekly.com/article/shortage-of-supply-will-stoke-tin-price-higher-in-coming-years-2015-03-09

Indonesian Tin Smelters Vote for Monthly Export Quota to Boost Price

Journalists from across the globe have reported that a group of Indonesian tin smelters have put in place a three-month self-imposed quota to cap tin exports at 2,000 tonnes per month, hoping that the move will boost the metal’s price. Jabin Sufianto, chairman of the Association of Indonesian Tin Exporters, said that producers will review sales volumes every month depending on market demand.

Bloomberg’s Yoga Rusmana and Eko Listiyorini also report that Indonesian tin had not performed well on the London Metal Exchange over the last year, as suppliers faced increased competition from countries including Myanmar and Australia. However, with Indonesia having such a short-term tin strategy, reviewing their export quota month-by-month, buyers may look more at Australia for long-term stable supplier of tin – which could be beneficial to developers and explorers such as Stellar Resources.

To read more about this story featured in Mining Weekly, click on the link below:

http://www.miningweekly.com/article/indonesian-tin-smelters-vote-for-monthly-export-quota-to-support-prices-2015-02-17

ITRI on the need for investment in tin

Earlier this year, ITRI, the global tin association formerly known as the International Tin research Institute, completed its fourth major review since 2008 of the medium to long-term outlook for the industry. The fundamental conclusion of this study was that there is a high probability of a tin shortage developing within the next five years, even if growth in usage is slow.

Stellar Resources Heemskirk Tin Project in Tasmania is poised to become the second largest tin producer in Australia.

To read the full article by Peter Kettle, Manager – Markets – ITRI Ltd, click on the link below:

Australian_Resources_and_Investment_Dec_2014

Indonesia Must Halt Tin Sales to Aid Price, Bangka Governor Says

Bloomberg’s Dwi Sadmoko, Yoga Rusmana and Eko Listiyorini report on Indonesia’s plans to halt overseas tin shipments in an effort to raise prices. Indonesia is the world’s biggest tin exporter, accounting for 48 percent of global tin production. However, tin prices across the world keep falling as supplies from other countries, like Myanmar, continue to increase. There is an obvious need for cooperation from all smelters.

To read the full article, click on the link below:

http://www.bloomberg.com/news/2014-11-27/indonesia-must-halt-tin-sales-to-aid-price-bangka-governor-says.html