Metals & Mining Insights | McKinsey & Company
Freeport-McMoRan: Unlocking new mining production through AI transformation. June 30, 2023 -. Freeport-McMoRan, one of the world's leading mining companies, faced a dilemma. To maintain growth in its Americas copper operations it needed to increase production. Freeport believed the answer lay in improving operations …
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China's Yunnan Tin says Myanmar mining halt could hit …
Shares of Yunnan Tin hit their highest since June 2022 at 17.96 yuan (US$2.61) on Tuesday. They jumped 10per cent in the previous session on the Myanmar news. Yunnan Tin last year produced 77,100 ...
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BMI's tin price forecast up $700/t
Market research firm BMI, a Fitch Solutions company, has slightly raised its tin price forecasts for the year from an average of $25 000/t previously to $25 700/t. This adjustment is driven by ...
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Supply of Critical Minerals Amid the Russia-Ukraine War and …
This commentary highlights Russia's market share in key metals and the mining sector, in particular critical minerals, to provide policy makers and industry leaders with a general sense of the concentration of such materials and the limited options for securing them elsewhere, should they consider broadening sanctions in that direction.
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Indonesian fishers seize dredging boat in protest against offshore tin
Hundreds of Indonesian fishers have seized a dredging vessel from state-owned PT Timah in protest against offshore tin mining in what they say is their fishing zone. The incident on July 12 is the ...
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Tin | U.S. Geological Survey
Tin (Sn) is one of the first metals to be used by humans. Almost without exception, tin is used as an alloy. Because of its hardening effect on copper, tin was used in bronze implements as early as 3500 B.C. The major uses of tin today are for cans and containers, construction materials, transportation materials, and solder. The predominant …
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Wa Tin Mining Boom May Have Peaked
This masks an underlying decline in mining activity and depletion of readily accessible higher grade ore resources.". If the forecasted peak in the Wa mining boom takes place, global tin prices will likely rise. Currently tin is trading at U$18,770 a metric ton—an 18-month high, but still considerably lower than the height reached during ...
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Minerals | Free Full-Text | Critical Minerals from Post …
The growing demand for critical raw materials (rare earth elements—REE, Nb, Ta, and others) enforces a need to look for their alternative sources. Distortions of the mineral supply chain caused by COVID-19 have necessitated a re-evaluation of what exists as mining waste from previous exploitation. Consequently, this study aims to provide an …
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Why is ESG so important to critical mineral supplies, and …
Minimising environmental and social harms is necessary to ensure energy transitions remain people-centred. Failure to consider ESG may also limit the supply of the minerals that are critical to energy transitions. Without reliable supply chains for key minerals and metals, many of which come from high-risk areas, it will not be possible to ...
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BMI's tin price forecast up $700/t
6th November 2023. By: Darren Parker. Creamer Media Contributing Editor Online. Font size: - +. Market research firm BMI, a Fitch Solutions company, has slightly raised its tin …
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Metals Commentary: Growth in tin usage weakens in 2018, …
The following is an edited release from the International Tin Association (ITA) regarding key findings from its 14th annual survey of tin users, which gathered data from tin users worldwide between June and August 2018. The ITA notes that 109 companies took part in its survey, accounting for 38% of estimated global refined tin use.
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Tin mining giant Timah to cut costs, complete smelter to …
Timah, one of the world's top tin miners, began the construction of its new tin smelter on Jan. 30. The US$80 million facility is expected to yield 40,000 tons of crude tin yearly when completed ...
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Critical minerals threaten a decades-long trend of cost …
In order to maximise synergies and avoid duplicating efforts, the IEA will work with international partners including the Organisation for Economic Co-operation and Development (OECD), the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF), and other organisations to improve international debates …
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Myanmar mining ban hits flow of tin concentrates to China
The Myanmar ban has to date had little impact on either China's production of refined tin or the tin price. China's smelters lifted output by 5.6% year-on-year to 130,000 metric tons, according to ...
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Suspension Of Tin Mining In Myanmar To Weigh …
Key View. We expect Myanmar's suspension of tin mining in the Wa region from August 2023 onwards to pressure global supplies and prop prices higher in the short-to-medium term. We have revised down …
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Suspension Of Tin Mining In Myanmar To Weigh On Global …
Key View. We expect Myanmar's suspension of tin mining in the Wa region from August 2023 onwards to pressure global supplies and prop prices higher in the short-to-medium term. We have revised down our forecast for Myanmar's tin production and expect a decline of 30% y-o-y in 2023, decreasing to 28mnt from 40mnt in 2022.
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Tin squeeze highlights critical minerals supply problems
SUPPLY CRUNCH. London Metal Exchange (LME) three-month tin hit a 10-year high of $30,650 per tonne on Tuesday. The cash price is around $2,000 per tonne higher, as this year's unprecedented time ...
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Indonesian tin miners target the ocean as reserves dwindle …
The miners are paid about 70,000 to 80,000 rupiah ($4.90 to $5.60) per kg of tin sand they pump up, and a pontoon typically produces about 50 kg a day, Hendra said. Timah has been ramping up ...
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Tin on the rebound as China scoops up surplus metal | Reuters
At least part of last year's surplus is now sitting in China. Shanghai Futures Exchange (ShFE) tin stocks have rebuilt from under 2,000 tonnes as recently as September to a current 6,843 tonnes ...
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Govt plans to raise tin royalty, ban ingot exports
The government plans to raise the royalty on tin in a bid to gain more revenue amid surging commodity price, the Energy and Mineral Resources Ministry said on Tuesday. In doing so, the government ...
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Global Tin Mining Outlook
Key View. We expect very modest tin mine production growth in the short term, of 0.9% in 2023. High prices by historical standards, despite the fall in Q222, will …
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"The economic impact of tin mining in Indonesia during an …
The major production area of tin in Indonesia, Kepulauan Bangka Belitung Province (Fig. 1), holds 99% of national tin resources (Ministry of ESDM, 2016).During the first five years of implementing the decentralisation policy of 2001, there were 75 mining concessions, 37 tin smelters, and 6507 artisanal tin mining units that together drove a …
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Indonesian fishers seize dredging boat in protest …
JAKARTA — Hundreds of Indonesian fishers protesting against an offshore tin mining operation in Sumatra have seized a dredging vessel they deemed to be operating within their fishing zone.
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High-flying tin takes a tumble as tightness eases | Reuters
Tin in Rotterdam is now commanding a premium of $1,150 per tonne over LME cash, compared with a July 2021 peak of $1,750, using the mid-point of Fastmarkets assessments.
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Gold News, Silver News, Interviews & Analysis | KITCO
Mining News Video News Podcast Latest Press Releases. Mining by Sector Gold Silver Iron Base-Metals Non-Ferrous. Metals Futures. Mining Stock Indices ... Inflation eases and investors wait for FOMC to conclude tomorrow Kitco Commentary - Dec 12, 2023 07:08PM. Oil falls more than 3% on softening demand, oversupply concerns Reuters - …
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Have the Wa Cornered the Global Tin Trade?
According to a person familiar with Man Maw cited by the paper's authors, the mine site is about 100km2 with a "number of small mining companies" in operation at the site. Annual production of tin from Man Maw was estimated to be nearly 30,000 tons in 2014, making it one of the largest tin mining sites in the world.
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Tin surges on potential supply blip
Tin surges on potential supply blip. THE tin price was the big mover overnight due to a reported crackdown in a major producing region. Finance > Capital …
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Global mine tin production up in 2021 as consumer
(Kitco News) - In 2021, global mine production of tin, which is " a glue that holds our technological world together," was 300,000 tonnes, an increase of 14% …
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Column: It's time to rethink tin, the forgotten critical mineral
REUTERS/David Mercado Acquire Licensing Rights. LONDON (Reuters) - There's a tingle of excitement in the tin market. It helps that the metal has weathered COVID-19 relatively well. At a current ...
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Why Indonesian Tin Miners Risk Their Lives for $13 a Day
Miners in Indonesia risk their lives every day by illegally diving up to 65 feet underwater with minimal equipment. Top-earning miners make about $13 a day. The tin they mine gets used in common ...
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