RE: Brazil JV Update14 Jan 2022 07:32
Great news , as the doctor notes Tin trading at an all time high , below is a snippet to why.
Tin futures were trading above $39,900 a tonne, not far from an all-time high of $39,960 hit on November 24th, amid low inventories and supply disruptions. The inventories in the LME-warehouses were at 2,059 tonnes, recovering from the lowest of 887 hit on November 2021, but still below of 2020 average of 5,000 tonnes. Also, measures to curb Covid's spread in Myanmar have caused shipment disruptions, restricting refined tin output in China. Meantime, the third-biggest refined tin producer, Malaysia Smelting Group, declared force majeure on deliveries in June, while Chinese tin smelters reduced the output after curbs on power consumption. .
Let’s hope this starts to reflect in the share price .
All the best ,
ARD