The Investing News Network has created a series of free reports for investors, reviewing 2015 highlights and looking forward to 2016. With over 50 articles covering more than 40 investing topics, including insight and forecasts from hundreds of sources, these free reports offer incredible value to investors.
By Vivien Diniz
Over the course of the last two years, tin prices found a comfortable spot at the bottom. With no where to go but up, it is time to see what 2016 has in store for the industrial metal.
The tin price saw a slight boost on Monday, but higher output due to El Nino could pose a threat moving forward.
Mining Weekly reported that tin smelters Indonesia, the world’s top tin exporter, are facing delays due to a change in export rules that will come into effect August 1.
A look back at tin’s performance in 2014 and what 2015 holds for the metal. If China ends up supplying less of the metal, it could be a happy new year for the commodity.
Demand for tin is rising, and no new mines are set to come online in response. As a result, many analysts expect a deficit in 2014.
Reuters reported that while the current financial situation has made project financing difficult for most miners, tin miners in particular are having trouble raising money for their projects. That could be bad news for the tin market, which is already volatile and in deficit.
Celeste Copper Corp. (TSXV:C) announced that effective immediately it has changed its name to Celeste Mining Corp., but will continue to trade on the TSX Venture Exchange under the symbol “C.” The name change is intended to reflect the company’s focus on its South Crofty tin project, located in Cornwall,
The average iPhone user may not realize that tin, used in solder to manufacture tiny electronic components, is sourced predominantly from Indonesia, where safety regulations are lax and miners regularly die at illegal operations. Recent changes to the US Conflict Minerals Act target minerals sourced in Africa, not Indonesia, providing
CRU sees commodity prices rising by an average of 8 percent in 2016, with tin and palladium being the hottest metals as far as price increase is concerned.