LME has no plans to change rules
The London Metal Exchange is satisfied with its current lending guidelines for dominant position holders and has no plans to identify speculative market participants even as tin spreads widened dramatically again, Metal Bulletin reports. “We are always looking...Minsur reports improved Q2 results
Peru’s Minsur SA reported second quarter net income of 242.7 million soles (US$81 million), 28% lower than in the same period of 2008, but much improved on the 132.6 million soles ($44 million) achieved in the first quarter. The changes mainly reflect tin price...MSC announces Koba Tin joint venture deal
Malaysia Smelting Corporation has announced that it has agreed to sell up to 30% of its majority shareholding in Indonesia’s PT Koba Tin to a local group. MSC currently controls 75% of Koba, with the balance held by PT Timah. On completion of the deal, Oberthur...Metals X and Yunnan Tin to join forces in Tasmania
Australia’s Metals X and China’s Yunnan Tin Group announced on Friday that they had signed a Heads of Agreement to form a joint venture to control the MLX’s Tasmanian tin assets. Metals X currently owns and operates the Renison and Mt Bischoff mines...Indonesian exports remain high
Data released by the Indonesian trade ministry today shows that 8,661 tonnes of tin was checked prior to export by surveyors in June, up 59% on the same month of last year, but lower than the 9,873 tonnes inspected in May. The cumulative tonnage in January-June...Tin trading volumes surge
The London Metal Exchange (LME) today issued an unaudited statement for trading volumes in its base metals, steel billet and plastics contracts during the first six months of 2009. Total lots traded on the exchange rose 1.8% to 55,185,086 compared with the same period...Speculation about LME speculation grows
In recent days news agencies and the trade press have raised concerns that large scale speculative trading of the spread between LME September and December delivery dates threatens to disrupt the market. Last week bids of up to 10,000 lots (50,000 tonnes) to borrow...China Tin goes for Shanghai listing
Liuzhou China Tin group, China’s second largest integrated tin producer and the world’s number seven refined tin producer, plans to achieve “A” listing on the Shanghai stock exchange via an acquisition of Henan Oriental Silver Star Investment...Indonesia issues 30th export licence
Indonesia has approved an export licence for another company, bringing the total number issued to 30, a trade ministry official told Reuters on Monday. The ministry approved a permit for CV Nurjanah, which is based in Bangka-Belitung province, earlier this month,...
