The data on the LME shows that from about 1998 to end 2003 tin prices were
in the range of $4000 to $5000. Tin showed a severe rise in price from
$5000 to $10000 per ton in the very short period from Jan 2004 to April
2004. Since then the data shows that the price of tin has bounce around a
rough mean price from early 2004 to now of just under $8000 per ton.
Best regards,
Leo
Leo M. Higgins III, Ph.D.
Vice President, Technical Support Operations
ASAT, Inc.
3755 Capital of Texas Highway, Suite 100
Austin, Texas 78704
office phone 512-383-4593
mobile 512-423-2002
[log in to unmask]
www.asat.com
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-----Original Message-----
From: Leadfree [mailto:[log in to unmask]]On Behalf Of Kay Nimmo
Sent: Wednesday, April 05, 2006 10:35 AM
To: [log in to unmask]
Subject: Re: DTI Consultation
Dear Joe
These comments are ridiculously simplistic. While they may be Ok within
the realms of the GCE school examination (as quoted) I hope that anyone
else would base judgement on something more reliable.
If you are considering the last 2 year period you will see that the
price of tin is lower than April 2004 following a pretty much identical
trend to lead in fact. The price of copper and zinc has risen 2 to 2.5
times over the same period.
Official metal prices are here;
http://www.lme.co.uk/dataprices_pricegraphs.asp
Kay
-----Original Message-----
From: Leadfree [mailto:[log in to unmask]] On Behalf Of Joe Fjelstad
Sent: 05 April 2006 15:53
To: [log in to unmask]
Subject: Re: [LF] DTI Consultation
Greetings Chris
There is money to be made in tin. Note that the price of tin has nearly
doubled in the last 2 years and is now closing in on $8000 per ton.
The following is from a report published in January of this year
titled:
GCE
Edexcel GCE
Economics (6351/01)
8121/9121)
This Examiners' Report relates to Mark
Scheme Publication code: UA17374
************************************************************************
******
****************************************.
'The supply of tin is inelastic in the short run as it takes time to
explore
and discover
new deposits. Once this is done the producer has to sink mine shafts
and
order
machinery to be used for extraction. Transport links such as roads and
railway links
might also have to be constructed. Once this is completed, supply is
likely
to become
more price elastic.'
However, to achieve maximum marks an evaluation comment was also
required,
for
example:
'Although tin is likely to be price inelastic in supply in the short run
one
should bear
in mind the possibility of the Indonesian government suddenly
intervening in
the
market and permitting the release of tin from stockpiles. This could
make
supply
elastic in the short-run.'
Another candidate considered the long run prospects:
'Conventional wisdom says that supply will be more elastic the longer
the
time period
under consideration. However, there is a finite quantity of tin in the
world
which
would make it highly inelastic in the very long run as resources run
out.'
************************************************************************
******
**************************
Oh well, economics is the dismal science... ;-)
Life is good for the tin mine owners... it is just going to get worse
for
the planet.
Joe
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