GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
https://www.lse.co.uk/ShareChart.asp?sharechart=TINM&share=Wisdomtree-Tin
Just to emphasise this is a global investment opportunity based on demand and supply of tin
https://www.miningreview.com/top-stories/%EF%BB%BFdesert-lion-energy-lithium-africa/
Lithium offtake has to be on the horizon for ATM.
Looking good here for LTH.
BBN
https://twitter.com/BigBiteNow/status/1356190056248209409
https://mailchi.mp/98a84d0dd280/tin-in-the-news-11-february-2021
Rare Earth demand to rise as South Korea elects to build the world’s largest offshore windfarm
South Korea unveiled a $43bn (48.5 tn won) plan to build a 8.2 GW, offshore windfarm by 2030.
Korea Electric Power Corp, SK E&S, Hanwha Engineering & Construction Corp, Doosan Heavy Industries & Construction Co., CS Wind Corp and Samkang M&T Co will provide 47.6 tn won of the funding with the government the remaining 0.9 tn.
The envisaged 8.2GW amounts to the energy produced by 6 nuclear reactors, or the effects of planting 71 million pine trees.
Each turbine is likely to be around 10MW with around 0.5t of NdPr contained in their permanent magnets.
This equates to 410t of additional demand for NdPr out of global production of around 20,000tpa NdPr estimated by the US Geological Survey
Tin - Lenovo record sales quarter brings tin market into focus
Lenovo, the world’s biggest maker of personal computers, posted record profit and revenue in Q3 last week, driven by robust demand as a result of people from working from home amid the pandemic.
Net profit jumped 53% to a record $395m in the Oct-Dec quarter, while revenue reached $17.25bn- its highest ever.
The pandemic has resulted in an uptick in sales of laptops and personal gadgets, with worldwide shipments of personal computers rising 11% in the December quarter.
The sales surge has helped drive tin market optimism as electronic solder accounted for 49% of tin demand in 2019, with many market participants seeing opportunities for this to increase further in future 5G related markets.
Robust demand from the electronic sector has propelled tin prices to levels not seen since 2014, with prices on the LME rising over 17% so far this year.
Alongside electronic solder, sectors with long-term demand growth potential include solar panels and batteries and as a catalyst in hydrogen fuel cells, according to the ITA.
Indonesia’s January tin exports fell 4,145t in January, down 35% from the month prior according to the country’s trade ministry.
Tin - prices break through US$23,000, their highest since 2014 driven by demand for electronics >50% of consumption and.
Tin prices have rallied in the first five weeks of the year, driven by robust demand from the electronic sector and an acute shortage of material in the LME system.
Along with increasing electronics demand, tin has a number of new applications in growing sectors including solar panels, EV batteries and as a catalyst in hydrogen fuel cells.
Production in Bolivia and Africa is hit by the pandemic and we expect further shortages of tin concentrates when new sanctions are applied to Myanmar after the Military jailed democratically elected politicians the day before they were due to assume power following last year’s elections.
Prices have gained 13% so far this year, building on gains of 18% in 2020.
Inventories in LME approved warehouses have slumped from 5,500t in October to currently sit at an all-time low of 810t.
Meanwhile, Shanghai stocks are up 18% today to 7,450t, reflecting the majority of metals production and consumption takes place in Asia.
The premium for cash tin over three-month prices eased to $990/t from $1,585/t – the highest in decades, reflecting a shortage of nearby material.
The International Tin Association expect the market to be in a deficit of 2,700t in 2021 after a 5,200t deficit in 2020 according to their last report in December.
HL II Halifax Bell and Barclays are all retail nominee brokers holding PI Investments.
likewise Equiniti and Sharecentre are PI brokers and they were 8th and 9th a few months ago.
duferco then dropped in at 8th and Equiniti and Sharecentre werent then shown in top 10.
i suspect this was to keep directors showing on bushveld website.
just a quick comment on costs and breakeven.
When the company comments on costs usd per MTV the numbers are invariably in the usd 17 to usd19 range, and this would be the additional cost of producing the next 10 tons of product, based on what it has cost to produce what has been produced already. This figure will reduce as production increases.
However, if you take the revenue figure for a period and divide it by tons produced, you will arrive at average sales per ton, and if this sales figure produces a small loss a small profit or breakeven zero, then that average sales price is on or very close to your breakeven revenue.
as an example the 6/2020 interims for 6 months gave sales 43.1m and 1765 tons sold which equates to 24.4 usd per ton sales. this produced an ebitda loss 1million usd so virtually breakeven at 24.4 usd.
there are many ways to dissect the numbers and of course there are always one offs that dont recur. you could argue that sales above 25 usd a ton would be profitable that would be true. you could argue that producing another 100,000 tons at 20usd makes sense because it covers all the production costs (17/19) and contributes 1usd or more to fixed cost coverage, that would be correct. you could argue that current prices achieved 27/30 usd puts it beyond doubt we are profitable, thats correct but we need new numbers to demonstrate it.
other income streams will eventually mean we become less reliant on vanadium tons sold, which is also a good thing, and is one of the reasons the company has invested in leasing, enerox, ies, vanadium chemicals etc
its all looking good