Analysis Of The World's Tin Production Trends
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Tin metal prices high and 900 U.S. dollars / ton backwardation charges attract Chinese manufacturers throw inventory tin tin, LME tin stocks at present 4610 tons, tin three-month futures price in 8500 ~ 9000 U.S. dollars / ton lower price fluctuations. Tin metal at higher prices, also contributed to a number of tin mines to restart idle production capacity. Therefore, since the second quarter of this year, a number of tin production plant production figures on the rise, the Australian Bluestone company has plans to reopen RenisonBell tin. Recent data show that in 2004 the world’s tin gap at 1.7 million tons. Tin production from the long-term perspective, there are a number of new production following information: Russia Novosibirsk State Government to obtain financial subsidies for loans, the Australian Bluestone reopened RenisonBell tin from Yunnan, China cuts refined tin exports, China Tin Group, Electric Power the lack of global tin international companies seeking higher tariff protection, the Indian company plans to invest in a new tin-plate tin project.
Is expected in 2004, worldwide consumption of tin will be more than 300,000 tons, it seems that 2005 will further increase. Tin production enough? Tin metal will come from? These are key issues. In particular, DLA while with 1 million ton / year capacity tin, but it will run out of stock of raw materials in the three years. Bluestone for the Australian company, in the future production will increase. Is preparing to reopen its annual production capacity of 5,000 tons of RenisonBell annual production capacity of 3,000 tons of tin and the Collingwood tin, which will be put into operation in mid-2005, the former will be slightly later in production. When these new projects are put into run-time, Bluestone will become the world’s tin-producing companies. Further details of the other tin producers are very difficult, because a small tin metal in the world’s total output accounted for 45% ~ 50%. From a long-term perspective, this is a problem.
Another problem is that small-scale alluvial tin mining was only willing to tin, since this way, it requires very little investment, the production cost is very low. And hard rock mining compared to those of the small miners do almost no pre-development work can be carried out tin mines, in fact under the conditions in the absence of capital investment can produce a very cheap tin. Therefore, this makes the prediction of future production and prices has become very difficult. CRU for the development of a long-term price of tin metal, basically based on the large-scale tin production in long-term costs to determine the long-term price of tin, but to predict the future still appears to be extremely difficult.
The world’s tin production of this situation, the obvious effect of the tin metal prices, there are two price series is very clear that the international tin prices before and after the price agreement, the main difference is between these two price series, mini – The rapid increase in tin mines, which appeared in the 20th century, the early 90s, first in Brazil, then in China, is now in Indonesia. Because they do not know that the next tin-mining boom will occur where there is, sometimes collecting figures, the local government does not help. For example, in Thailand, there is a restrictive organizational structure of the tin-mining area using simultaneous price increases taxes, in fact, in the current state of tin prices in the country a tin mining company to pay 25 percent royalties. These uncertainties affect the predictions on the future price of tin. In short, the world tin reserves are adequate to meet future needs, but to the best advantage of the current resources available for exploitation, the world tin industry needs to re-enact certain rules.
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Source by weihua
