Tin Price Jumps most in Three Years

Yesterday (Monday 20 April 2015) the price of tin surged by 6.7%, the most it had in three years, as signs of declining supplies spurred buying.

In an article for Bloomberg, Agnieszka de Sousa and Debarati Roy report that stockpiles tracked by the London Metal Exchange fell to the lowest since October, and Indonesia’s largest private smelter, Refined Bangka Tin, will halt production this week. The journalists argue that these factors helped the price of tin climb 6.7% to settle at $15,525 a metric ton, the biggest jump since January 2012.

The rising price of tin will be beneficial to developers and explorers such as Stellar Resources, especially as buyers may decide to stay away from unstable markets such as Indonesia and instead look for long-term stable supplies of tin in Australia.

To read more about this story featured on Bloomberg, click on the link below:

http://www.bloomberg.com/news/articles/2015-04-21/tin-jumps-the-most-in-two-years-as-indonesia-plans-output-cuts

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