Cornish Metals plans tin mining at South Crofty site by 2026, amid predicted global tin deficit 🌍⛏️ The mine's reopening could impact tin prices 💰 TinMining SouthCrofty CornishMetals
Cornish Metals plans to begin tin mining at its wholly-owned South Crofty site by 2026. According to the Vancouver-headquartered company, the start of mining will also coincide with an expected deficit in tin. Indeed, market analysts predict that there will be a significant shortfall in the global tin supply by the same year, which could drastically impact the tin price.
In 2021, information from the company indicated that the mineral resource estimate for the lower mine was 33 metric tons. This includes tin at a 1.59% grade in a mass of 2.08 million tons. The upper mine’s indicated resource estimate is 277,000 metric tons with a grade of 1.01% in a mass of 1.94 million metric tons. That said, the inferred estimate is 493,000 tons at 0.93%.One of tin’s main applications is in the production of solder.
Tin’s three-month closing price on the LME was $22,464 per metric ton on March 15, down more than 11.3% from $25,334 on March 1. The base metal had also seen a drop of about 17% month on month in late February, due to expectations of slower economic growth for 2023.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Experts Predict Gold Prices Could Reach $2,000 By End Of Year | OilPrice.comThe Global Precious Metals MMI has dropped by 8.74% month-over-month and while some metals are seeing an influx of buyer volume sending prices up, palladium is struggling to find support and remains in a long-term downtrend.
Lire la suite »
South Korea fines McDonalds for data leak from raw SMB shareBritish American Tobacco, Samsung, also burgered up their infosec
Lire la suite »
India gives itself a mission to lead 'Global South' into 6GIndia gives itself a mission to lead the 'Global South' into 6G era
Lire la suite »
Myleene Klass looks sensational as she strips to a bikini on South Africa tripI’M A Celeb star Myleene Klass looked sensational as she stripped off to a bikini during a trip to South Africa. The stunning TV star, 44, told her legion of fans she was enjoying day two during he…
Lire la suite »
South Korea - The Latest News from the UK and Around the World | Sky NewsSero the Zebra escaped from a local zoo and was captured on numerous mobile phone cameras wandering around the city. He was eventually tranquilised and returned to his home where he's recovering from his adventure. Latest:
Lire la suite »
White South African farmers are thriving in MississippiEach year, several thousand South Africans come to America on seasonal H-2A visas as temporary agricultural workers
Lire la suite »