Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (38475)	6/11/2009 8:31:47 PM
From: LoneClone	Read Replies (1) \| Respond to of 195465

Tin consumption may fall 10%-15% this year – ITRI miningweekly.com By: Liezel Hill 10th June 2009 TORONTO (miningweekly.com) – Global tin consumption may decline by between 10% and 15% in 2009, based on a direct survey of consumers and an analysis of the relationship between demand for the metal and economic and industrial activity, ITRI, an industry body, said on Wednesday. World tin usage peaked at over 360 000 t in 2007, after growing at around 4% a year for the ten years before that. However growth rates were slowing even before the onset of recession and demand dropped very sharply in the final quarter of 2008, the group said in a statement. ITRI is now carrying out a new survey of tin users to verify the short-term volume changes. “Although world tin consumption is forecast to start recovering in 2010, a strong bounce-back is only likely from 2011,” the body said. Thereafter, a return to longer-term trend growth rates in 2012-2013 would result in annual consumption rising to 385 000 t by the end of 2013. Almost all the growth in demand is likely to be in China and other emerging Asian markets, with both solder and tin plate usage increasing. On the supply side, world mine production surged to a historical peak of over 320 000 t/y in 2005 and 2006, but has subsequently been declining, according to ITRI data. “The fall has been accentuated by the global financial crisis, which has also caused delays or cancellations of new project development." In the long run, higher prices are needed to boost production to match growth trend in tin consumption, it said. “Virtually no new projects will come on stream over the next three years, and most of the ones identified are not economically viable at current prices.”