Deficit of Tin Supply Blamed on Lack of Investment According to Merchant Research & Consulting, Ltd.
LONDON – The global situation with the tin supply will remain tight for the next couple of years. The main reason for such a deficit is that consumption in major users continues to grow although supply remains constrained after decades of lack of investment in new mines. As a result the prices are going up and over the next couple of years can reach a point of $40,000 a ton.
The tightness on the world tin market will start to ease only around 2013 as large scale mining starts up. But at the moment many mine projects are not yet at the feasibility stage. Up to this time high tin prices have stimulated a limited supply response, mainly from small-scale miners in Indonesia and recycling activity in China. A new mine in Argentina will produce tin as a by-product of silver. One of the most advanced ones (production – 6,000 tons per year) is in Kazakhstan which opening is scheduled for 2012.
Detailed review and forecast on global, regional and country markets of tin can be found in the new market research report “Tin Market Review” that covers present situation, historical background and future forecast and addresses comprehensive data showing tin capacities, production, consumption, trade statistics, and prices in the recent years are provided (globally, regionally and by country).
Report Details:
Published: April, 2011
Pages: 68
The report also indicates a wealth of information on tin producers and suppliers, covers tin production in the respective country, major tin producers, tin consumption in the country market, tin trade in the country, tin prices. Tin market forecast for next five years, including market volumes and prices is also provided.
The study on tin has been completed by Merchant Research & Consulting Ltd, an internationally recognized market research agency, specializing in chemical industry. “Tin Market Review” is included into the catalogue “Metals”, which also highlights Aluminum, Boron, Copper, Iron and Steel, Lead, Magnesium, Mercury, Silver, Titanium, Zinc markets.
Monthly report updates for “Tin Market Review” are available at http://mcgroup.co.uk/periodicals/monthly
CONTACTS
Merchant Research & Consulting Ltd.
Julia Hill, Sales Manager
Tel: +44 20 7558 8740
Fax: +44 (20) 7900-3970
E-mail: j.hill@mcgroup.co.uk
