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"Nickel and tin tumble as China's power crisis deepens
Nickel and tin prices have tumbled in response to China’s power crisis, which is causing black outs, shutting off traffic lights and forcing businesses to cut back on production.

The crisis has been caused by tight coal supplies as well as provincial governments trying to meet environmental targets for this year, according to Bloomberg, with many factories forced to cut or halting their operations.

Economists at Nomura Holdings and China International Capital (CIC) have downgraded growth forecasts as the power crunch in the top metals consuming country causes supply losses at metal smelters, fabricators and steel mills in the past few months.

“Tin supply has been impacted by power control measures several times already this year,” the International Tin Association said. “What has been surprising in this round of restrictions is the effect on tin demand.”

In a note, CIC warned that power restrictions could tighten further in the fourth quarter.

Nickel fell as much as 2.9pc to $18,820 ton on the London Metal Exchange. Tin dropped 4.2pc to $35,000 a ton, tumbling from a record high struck last week. "

Sounds to me as if supply of tin is going to be sharply down, so I would not be surprised to see the price bounce up.

Even more interesting than H2 fuel cells cars are hydrogen ICE vehicles. JCB have produced an ICE which costs about the same as a petrol or diesel engine to make, and has the same range and refueling time. The H2 tanks are more expensive than diesel tanks but that is a small issue.
If this tech is taken up by car manufacturers we can say goodbye to battery EV's with all their excess weight, tyre wear, range anxiety and overnight charging. Hooray.

But still around $35k / tonne

https://uk.investing.com/commodities/tin-streaming-chart

At present there is no smelting capacity in the UK. There are a couple of smelters in N Europe, but their operations would have to be adapted for tin. I think Plymouth would make a good location for a smelting plant. It has a gas main supply, is a freeport (tax status) and could be linked by rail. Furthermore, mining in N Africa and Spain /Portugal could provide ore by ship.
Perhaps with gas prices in the UK where they are this might not, at present, be economic. (Although shipping costs to Asia have exploded.) But better than shipping concentrate half way around the world (China) and back again. HMG needs to step in on this one to provide funding for resiliance in the UK supply chain. i.e. cut out VAT on gas to a smelter.
The various mining companies that might use it (Cornish Metals, SML, Tungsten West Cornish tin) need to get together to put a case to Kwasi Kwarteng and Michael Gove.

The price of the metals does matter. If this BoD can't get the resource out of the ground, then someone else will. If the tin price keeps going up - not a foregone conclusion but seems likely- then another company will bid and put this BoD out of its misery.

https://money.tmx.com/en/quote/CUSN

SML's website could do with an update! It talks about 2018 exploration as if it is in the future!

"The Redmoor Inferred Resource has 45,000 tonnes of contained tin equivalent and the Exploration Target has the potential to increase this to 100,000 tonnes via further drilling planned for 2018. If successful, Redmoor will become a world-class project in terms of contained metal."

Anybody know what happened?

I wonder if those are sales to Canadian brokers after the UK close? The prices given - to 5 decimal places suggest to me a translation of a Canadian dollar amount back into sterling. See CUSN share trades above.
Meanwhile tin closed up $1,142.5 today at just under $36,700............ Its going our way.

https://uk.investing.com/commodities/tin-streaming-chart

Hope you got a lot at that price!

CUSN are no 8 on the risers board at the moment

https://www.lse.co.uk/share-prices/risers.html

It is probably concern over funding that is holding a number of exploration shares back, CUSN included. Given the lift-off in the tin price, funding for CUSN should be easier to raise.
Importantly, in the next week or so, we will hopefully have confirmation that Tungsten West has raised funding to re-start operations at Hemerdon. That will show investors that raising funding is possible and may provide pointers as to the ease with which it was done and the cost of funding. All of which I think could be very positive for CUSN.
Furthermore, it will attract attention back to Mining in the SW which will do no harm either.

Fira Good.
I should have made clear the figures I gave were for South Crofty only.

Re: for "testing the water," it seems TW has done that for a very similar resource but perhaps at a far more advanced stage and been successful. In a short time we will see confirmation. If TW brings it off, it could be viewed positively for the Cornish companies as well.

DVH Thanks for your response about Redmoor. I will ask the company re progress to date.

Fira2011 "Cornish Metals may have some tin"

You bet. About 2m tonnes of resource indicated and about 2m tonnes inferred. Together with potential for 36m tonnes more

See page 14 onwards of :-
https://cornishmetals.com/site/assets/files/4930/2020-05-01_cornish_metals_presentation_website-min.pdf

Prop

If Redmoor is more Tungsten than tin, it would be similar perhaps to the Hemerdon mine - although perhaps the latter has more clay? All of which suggests that if TW float, it might take SML's potential away,(negative) or it might provide a processing opportunity for SML. (positive)

Hopefully we will see Tungsten West float shortly, bringing on stream a processing plant. If that has spare capacity, it might do work for SML perhaps? That might speed up the time to production and cut the capital cost.
However, South Crofty owned by Cornish Metals CUSN appears to be nearest to being able to produce tin, with shafts in place, a decline, de-watering plans made, full permits given, and an electrical supply ..................together with extensive computer modelling of the known resources.

Fira
The higher the potential value of the resource the easier it is to get a fixed amount of funding. Funding is what is holding SML back at the moment.
Otherwise, I don't expect the share price to have a lot of correlation with the price of tin at this stage of development.

Bubble - good spot. Have you a link to the Sky report?
I have just taken a look at the spot tin price and it has shot up again, now at $36,495.
https://uk.investing.com/commodities/tin-streaming-chart
At this rate, banks will be competing for CUSN's business.

Pawgee
I know little about the Nickel King assets, so your query has nudged me into doing some homework! I did look at the graph of the nickel price recently and saw that it had not moved much whereas tin of course has. So, I think CUSN's focus is on its Cornish assets particularly SC and the world class resources it has there.