Reuters poll picks out tin

Thursday, 24 January 2013

The latest six-monthly survey of metals analysts published this week by Reuters identifies tin as the LME metal most likely to have a higher annual average price in 2013 and 2014 compared to last year. The "consensus" view is that all six LME metals will show some gains relative to the 2012 averages, ranging from 2% for copper to 13% for tin. Most metals, with the notable exception of copper, are then expected to show further small gains in 2014. However it should be noted that the price rises forecast for tin over the next two years have already happened over the last two months!

The mean (average) of 21 analysts' forecasts of the average 2013 LME tin price was $23,422/tonne, while the median (middle of the range) forecast was $23,800/tonne. For 2014 the mean and median values from 16 forecasts were $24,421/tonne and $24,956/tonne respectively.

Reuters columnist Andy Home commented on the results of the survey for the different metals: "Tin is the favourite, an obvious choice given the soldering and plating metal's still-strong bull narrative of stretched supply. Eight analysts offered a supply-demand balance forecast for tin and not one of them is expecting anything other than deficit for either this year or next. The median forecast is for the tin price to average $23,800 per tonne this year and almost $25,000 per tonne in 2014. There are bears out there, such as UBS, which came in with the lowest 2013 price forecast of $18,630 per tonne, but they are very much the exception. Standard Bank is marginally ahead of the bull pack with a call for $25,000 this year."

It's not quite so black and white as that. e.g.: The parents die and leave the house to their children, we will say three. So for one of the three to retain the house he/she has to buy the other two's share. With the price of housing down here as it is, that is almost impossible so the sale of the house is almost forced

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spitfire

It's not quite as black and white as that. e.g.: The parents die and leave the house to their children, we will say three. So for one of the three to retain the house he/she has to buy the other two's share. With the price of housing down here as it is, that is almost impossible so the sale of the house is almost forced

Yeah, that's families..I am not putting down the housing situation, it's just the way the world is, at the end of the day money talks. I am not a native of Cornwall, however I have lived down here for more than 40 years and dug tin for Cornwall in my younger days and grafted with my hands all my life, why did I end up here? Well where I was from the house ownership was vaguely attainable until they stuffed the M6 up through, that brought the money in and the houses became out of reach so I moved down here where it was cheaper back then, however as with all things time marches on and the price goes up. Better wages by whatever means would be a good start.

Lozz.

Interesting stuff.

I am confident we will see a lot more mines open in Cornwall. This is fantastic.

I am very much of the mindset that the scale needs to be smaller, probably focussed on smaller workings with a central mill (crofty's mill anyone?). Until economics dictate this being a viable path (and perhaps adjusting the rules to suit) I don't think we'll see a deviation from what I see as the status quo, which is people thinking very big. Either opencast (cligga/bunny) or big mines (crofty).

It is fascinating and I firmly believe that there will be growth in exploration and people looking through graphs, plans and the mining journal/magazines looking to see novel places to stick their drills. We'll also have some potential other "big thinking" projects for instance what may lie offshore from Hermon, Cligga, Edward, etc.

I think it's pretty much assured that the BRICS will see the demand for buried stuff staying high. This coupled with a dying pound will assure that mining has a golden future here.
:thumbsup:

You turn up with a load of blokes and if that doesn't work, whack a headgear up and someone comes out of the woodwork with an ancient deed and gets very excited....I imagine.

I have deeds showing who the mineral lord is for some of my land.

A lot of it is owned by the duchy or the local mineral lords

Do you remember recently a lot of cornish residents were up in arms because the duchy renewed their mineral rights?

I have a copy of Rashleighs rights for some of our land somewhere, will see if I can dig them out sometime.

Interesting stuff.

I am confident we will see a lot more mines open in Cornwall. This is fantastic.

I am very much of the mindset that the scale needs to be smaller, probably focussed on smaller workings with a central mill (crofty's mill anyone?). Until economics dictate this being a viable path (and perhaps adjusting the rules to suit) I don't think we'll see a deviation from what I see as the status quo, which is people thinking very big. Either opencast (cligga/bunny) or big mines (crofty).

It is fascinating and I firmly believe that there will be growth in exploration and people looking through graphs, plans and the mining journal/magazines looking to see novel places to stick their drills. We'll also have some potential other "big thinking" projects for instance what may lie offshore from Hermon, Cligga, Edward, etc.

I think it's pretty much assured that the BRICS will see the demand for buried stuff staying high. This coupled with a dying pound will assure that mining has a golden future here.
:thumbsup:

Hi Stuey, I hope so too, my false dawn scenario is a maybe, you know what the mining game is like.
Anyone remember Patton Recognition? and their big plans for the airfield near Cligga or the big plan for an airport at Wheal Busy I think it was? The problem with all this is the long term metal prices and known resources, it's a long time from starting a mine to getting the profitable cash, meanwhile some other discovery in a third world country where they can extract it for an ice cream a day, let's hope not but these things can happen then it's game over 'till the next time.

Lozz.