Highlights
KLSE: MSC (5916)       MALAYSIA SMELTING CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
3.25   -0.10 (2.99%)  3.21 - 3.35  1,337,200
Analyze this stock with MQ Trader system

Overview

Market Cap: 1,365 Million
NOSH: 420 Million
Avg Volume (4 weeks):1,746,810
4 Weeks Range:2.74 - 3.39
4 Weeks Price Volatility (%):
78.46%
52 Weeks Range:0.98 - 3.39
52 Weeks Price Volatility (%):
94.19%
Average Price Target: 3.02
Price Target Upside/Downside: -0.23
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2021 [#3]  |  12-Nov-2021
Next QR | Est. Ann. Date: 31-Dec-2021  |  19-Feb-2022
T4Q P/E | EY: 19.54  |  5.12%
T4Q DY | Payout %: 0.29%  |  5.73%
T4Q NAPS | P/NAPS: 1.1918  |  2.73
T4Q NP Margin | ROE: 6.58%  |  13.95%

Headlines

Date Subject
24-Nov-2021 热门股:马熔锡机构 上挑RM3.39
16-Nov-2021 Trading Stocks - Malaysia Smelting Corporation
15-Nov-2021 Mplus Market Pulse - 15 Nov 2021
22-Oct-2021 [转贴] [Video:浅谈MALAYSIA SMELTING CORP BHD, MSC, 5916] - James的股票投资James Share Investing
12-Oct-2021 Trading Stocks - Malaysia Smelting Corporation
08-Oct-2021 【行家论股/视频】马熔锡机构 4 倍本益比估值低
08-Oct-2021 Malaysia Smelting Corp - Entering a New Dawn
14-Sep-2021 Daily technical highlights – (MSC, OPENSYS)
13-Sep-2021 Daily Market Update - 13 Sept 2021
07-Sep-2021 Malaysia Smelting Corp - The World’s Largest Toll Smelter
13-Aug-2021 Trading Stocks - Malaysia Smelting Corporation
13-Aug-2021 热门股:马熔锡机构 上挑RM2.36
09-Aug-2021 PublicInvest Research Headlines - 9 Aug 2021
10-Jun-2021 Mplus Market Pulse - 10 Jun 2021
12-May-2021 MSC(5916)业绩、企业分析
10-May-2021 Mplus Market Pulse - 10 May 2021
22-Feb-2021 Mplus Market Pulse - 22 Feb 2021
22-Feb-2021 PublicInvest Research Headlines - 22 Feb 2021
17-Feb-2021 热门股:马熔锡机构 上挑RM3.07
07-Feb-2021 [Humbled Investor] Malaysia Smelting Corporation - MSC

Business Background

Malaysia Smelting Corp Bhd is a Malaysia-based investment holding company focuses on both smelting of tin concentrates and tin bearing materials. The company operates through three segments: Tin Smelting, Tin Mining, and Others. It is principally engaged in the manufacture and sale of solder products for jointing and semiconductor applications in the electrical and electronics industries. The Others segment includes investments in other metal and mineral resources. Most of the revenue comes from tin mining and smelting of tin concentrates, tin-bearing materials and from the production of various grades of refined tin metal and the sale and delivery of refined tin metal and by-products.
Trade this stock for as low as 0.05% brokerage. Find out more.

  7 people like this.
 
PureBULL ... Posted by PureBULL ... > Nov 12, 2021 5:10 PM | Report Abuse X

In stock.investing on a long haul, 1st thing 1st look into the biz model.
There r 2 to 4 cycles p.a. on KLSE for us to CAGR 26 to 31% or more, ie. BIG money.making.

Each mkt cycle, there is always a Theme.Play =
Stocks must have the best GLOBAL biz wanted by the growing world mkt.


Today now it should be EV.ECONOMY on a huge biz wave at its earliest beginning n to grow exponentially for decades to century i.e.

EV.TECH n esply EV.METAL stocks, yet to be discovered by the funds fraternity.

these r the world player stocks available in msia for U to accept to grow RICH.,.

++++++++++++++++++++++++++++++++++++++++
HOW TESLA FLIES HIGH AT MAXIMUM SPEED UP DAILY

Tesla has the youngest CFO in giant stocks on wallstreet.
The super talented 30 something Indian has 2 ivy degrees:
B of mech engine n econ of wharton +
MBA of harpor.

This is how he told the analysts n fund mangers conference:
TESLA
1) has no cars to deliver to the customers fast. how to think of whether there is mkt for EV?
2) Tesla will produce 2 millions EV a year soon
3) Tesla is planning to do 20 millions p.a.

This lingo is the catalytic impetus to fly a stock,,,

Dear TESLA,
EV.TECH d&o, mpi, greatec, inari n EV.METAL pmetal n esply pmbtech n msc, stocks on KLSE, will follow U to fly HIGH...
12/11/2021 5:10 PM
Goldberg MSC announced an impressive PAT of RM 28.9 million for their 3rd Quater- giving an EPS of 7sen for the quarter - ending 30th Sept 2021.

Tin Miner & Smelter MSC - the forgotten EV metal stock deserves a massive rerating.
12/11/2021 6:26 PM
Ahahah Yes, if no such profit, then all share holders have to attend the AGM.
13/11/2021 9:08 AM
PureBULL ... https://klse.i3investor.com/servlets/stk/fin/5916.jsp

https://www.thestar.com.my/business/business-news/2021/11/13/msc-posts-jump-in-q3-net-profit-on-record-high-tin-prices

MSC, a global EV.METAL stock n 3rd largest in exporting TIN:

Year 2020, Revenue = $800 mill with tin ASP at $16,000.
Year 2021, Selling price of TIN went up in a straight line from $21,000 in Jan 2021 to $37,500 now = up +78%

Year 2022, Say ASP up +50% at $31,500, then increase in PAT = a whopping $800 revenue x 0.5 = $400 million PAT + increasing yearly vol demand
= i.e. the formula to a coming super GROWTH stock
( ASP should be 31500/16000 = up +96% over year 2020 if u wish to dramatize the PAT)

this is the same exact way like valuing GLOVES in 1st half year 2020.
the big difference is global EV.METAL demand will grow n grow higher in each year for decades n centuries!

https://www.investing.com/commodities/tin-streaming-chart
13/11/2021 12:50 PM
G-boy 3.5 is coming..next year end rm5
13/11/2021 2:31 PM
G-boy the only tin stock in bursa and they looking for joint venture to expand their miNing activities..
13/11/2021 2:32 PM
G-boy 你知道他們有多少錫礦要挖嗎 thats all :)
13/11/2021 2:33 PM
Goldberg Tin – The Number 1 New Technology Metal
-------------------------------------------------

Tin ranked as the No. 1 metal best placed to benefit from new technology according to a survey undertaken by Boston’s Massachusetts Institute of Technology (MIT) for Rio Tinto.



https://www.stellarresources.com.au/home/investor-information/learn-about-tin/
13/11/2021 3:42 PM
dalpinia Wow!!! $400 million PAT, this counter worth rm10
14/11/2021 11:07 PM
dalpinia 2022
14/11/2021 11:07 PM
livethemoment https://www.internationaltin.org/msc-to-lift-force-majeure-smelter-switch-imminent/
16/11/2021 10:56 AM
Goldberg Mdm Chew Gek Khim- the Executive Chairman of Straits Trading on its 52% stake in MSC
------------------------------------------------------------------------------------------
We are modernizing the company’s legacy tin mining and smelting business, owned through a strategic stake in Malaysia Smelting. It remains at the heart of the group, making up 85% of consolidated revenue. According to Bloomberg estimates, it’s expected to post a net profit of 63 million ringgit ($15 million) this year—the highest it’s been since 2009—easily surpassing last year’s pandemic-hit profit of 16 million ringgit. Earnings were boosted by soaring tin demand for use in everything from EVs to laptops, causing a supply crunch.

“The tin market continues to be tight and there’s little chance of this changing in the near term,” writes Geordie Wilkes, research head at Sucden Financial in London, in a research note published in July. The price of tin on the London Metals Exchange is up almost 80% since the beginning of the year, touching a historic high of $38,059 on Sept. 24. Wilkes expects the price to remain firmly on the upside averaging around $35,000 per tonne through 2022. That bodes well for Straits Trading’s metal-processing arm, which is slated to start commercial production at its new smelter later this year or in early 2022.

To expand capacity, Malaysia Smelting converted an old lead smelter in Pulau Indah into a tin smelter that can annually process up to 60,000 tonnes of tin. That figure is a 50% increase in capacity from its existing smelter in Butterworth, Penang, which will be decommissioned and redeveloped over the next decade into Straits City, a S$1 billion mixed-use hotel, retail, commercial and residential project. With the price of tin elevated, Chew expects to recoup the 80-million ringgit investment in the smelter within a year.

Tang at United First Partners points out that selling the tin business would definitely narrow Straits Trading’s trading discount. Others have also wondered if it remains a good fit for the company. Says Aberdeen’s Young: “Those assets in Malaysia could be of great value but are darned difficult [and] slow to realize.”

Chew has turned down all offers for Malaysia Smelting over the years—but not for sentimental reasons. She says: “I’ll get rid of it when I get my value. As far as I’m concerned there’s still a lot of value in it, so I’m not giving it up yet.”

This story appears in the October 31, 2021 issue of Forbes Asia.
16/11/2021 12:17 PM
calvintaneng sifuPUREBULL

MSC up 300% already from its low of 79 sen to over RM3.09

52 Weeks Range: 0.79 - 3.09

REMEMBER DAYANG (DIE YOUNG) ALSO CHASED FROM 60 EN TO RM3.07 ?
LATER ALL DIE

TOO HIGH TO CHASE

Better Buy PALM OIL LAGGARDS AS THEY MIGHT GO UP 300% FROM HERE

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-11-17-story-h1593872149-BPLANT_Why_Four_Other_Palm_oil_Companies_Invested_their_Capital_in_Bpla.jsp
17/11/2021 7:51 AM
Goldberg MSC- Prospects per Quarterly Report

Tin price has recently reached an all time record high. The current global landscape promoting environmental and sustainability initiatives, photovoltaic installations, EVs and growth in electronics bodes well for the demand of tin. While tin demand continues to grow rapidly, the global supply may continue to struggle to keep pace.

The operation in the Pulau Indah plant, using the newer and more efficient technology and a more productive work force, is expected to be fully commissioned by late 2021/early 2022. With the utilisation of the ISASMELT furnace, the Group expects higher operational efficiency, lower operational and manpower costs, while improving carbon footprint.

For the Group’s tin mining segment, efforts to increase daily mining output and improve overall mining productivity have been undertaken. The Group is also exploring potential joint ventures and initiatives to expand its mining activities.
17/11/2021 11:11 AM
PureBULL ... ATAIMS, a promising EMS stock shocked the mkt with a -ve QR PAT.

This is causing panic selling in advance, across the board as more stocks r announcing in this scary QR month till end Nov.

I believe EV.TECH n EV.METAL stocks, having the best global biz would recover 1st n go higher high after weak holders sell out,,

NB: if u need to sell pls sell, will U not ?
Many many stocks across the spectrum of industry could disappoint like ataims in this QR,, esply those doing small local msian biz.
17/11/2021 3:51 PM
calvintaneng sifu PureBULL

Tech BUBBLE now in danger

Temasek also got hit badly by China Tech busted

Now safety only in Palm Oil

Posted by EatCoconutCanWin > Nov 18, 2021 8:25 AM | Report Abuse

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-11-18-story-h1593898931-Reposted_article_From_Permafrost_to_Precipitation_Calvin_Tan_Research_A.jsp
18/11/2021 9:15 AM
PureBULL ... PRIME TIME ADVERT AGAIN
Posted by PureBULL ... > Nov 13, 2021 12:50 PM | Report Abuse X

https://klse.i3investor.com/servlets/stk/fin/5916.jsp

https://www.thestar.com.my/business/business-news/2021/11/13/msc-posts...

MSC, a global EV.METAL stock n 3rd largest in exporting TIN:

Year 2020, Revenue = $800 mill with tin ASP at $16,000.
Year 2021, Selling price of TIN went up in a straight line from $21,000 in Jan 2021 to $37,500 now = up +78%

Year 2022, Say ASP up +50% at $31,500, then increase in PAT = a whopping $800 revenue x 0.5 = $400 million PAT + increasing yearly vol demand
= i.e. the formula to a coming super GROWTH stock
( ASP should be 31500/16000 = up +96% over year 2020 if u wish to dramatize the PAT)

this is the same exact way like valuing GLOVES in 1st half year 2020.
the big difference is global EV.METAL demand will grow n grow higher in each year for decades to century!

https://tradingeconomics.com/commodity/tin
18/11/2021 9:23 AM
PureBULL ... Posted by PureBULL ... > Oct 30, 2021 6:45 AM | Report Abuse X

Global financial exam TOPIC: EV IS DRIVING SUPER HIGH DEMAND IN EV.METAL N EV.TECH FOR DECADES

This is just the BEGINNING, look at how bullish these EV.METALS r:

LITHIUM +311% ytd, $191,500 now
TIN +82%, $37,040
COBALT +75%, $56,545
ALUMINUM +38%, $2,735

SILICON +173% since Aug 1st, 2021, cny$41,375


Our PMETAL, a KLCI component stock at $50 billion mkt cap is the mkt proven giant stock now n will only be growing larger.
PMBTECH n MSC r the next coming multi bagger stocks available on KLSE...

https://tradingeconomics.com/commodity/tin

http://www.sunsirs.com/uk/prodetail-238.html
18/11/2021 9:42 AM
dalpinia Goldberg

Based on Mdm Chew comments, next year production 60,000 tonnes per annum.

60000 x 35000(ASP 2022) = RM2.1B revenue

Wau!!!!! RM10 for 2022 is reasonable.

This exclude the 10 yrs land development of Prai old plant location which make MSC a true GEM in next decade. Hold tight tight....
18/11/2021 10:32 PM
Goldberg Well said dalpinia- just hold on tight & accumulate this GEM.

Tin prices will be elevated for a long time with the worlds new found appetite for TIN will persist for many many years to come.

This forgotten EV metal stock is set to shine.


Posted by dalpinia > Nov 18, 2021 10:32 PM | Report Abuse

Goldberg

Based on Mdm Chew comments, next year production 60,000 tonnes per annum.

60000 x 35000(ASP 2022) = RM2.1B revenue

Wau!!!!! RM10 for 2022 is reasonable.

This exclude the 10 yrs land development of Prai old plant location which make MSC a true GEM in next decade. Hold tight tight....
19/11/2021 7:56 AM
Jimmy Lim 60000 x if USD35000(ASP 2022) = RM8.4B revenue
19/11/2021 10:25 AM
PureBULL ... Super purebull in TIN prices.
EV.METALS r the shockalingam biz to be in.
this EV metal biz will grow 1st as we see more EV.CARS worldwide on the roads : https://tradingeconomics.com/commodity/tin


steel, like lumber is a building n construction material, has weakened to near Jan 2021 prices.
n its raw material iron ore tells its future demand, is even lower now : https://tradingeconomics.com/commodity/steel
19/11/2021 11:21 AM
Goldberg Higher Mining Production further Enhances Outlook.
-------------------------------------------------
In 2021, Malaysia Smelting Corp’s Rahman Hydraulic Tin (RHT) Mine in Perak (largest tin mine in Malaysia) managed to increase its average daily mining output to 11mt/day (from 8mt/day) as it explored new deposits and utilised new technology. Malaysia Smelting Corp will continue to boost its mining output to 12mt/day by 2022. Having secured a comfortable tin mining lease until 2034, Malaysia Smelting Corp can access more than 40,000mt of tin resources worth over RM7b. In addition, Malaysia Smelting Corp commenced mining activities at Sungai Lembing, Pahang last year with minimal average production of 100-200kg/day. In the next 1- 2 years, the mine is expected to gradually produce over 1,000mt/year. Malaysia Smelting Corp is also exploring potential JVs to expand its mining activities.

Estimated profits from Mining activities or tin extraction - MSC
-----------------------------------------
12 m/tons extracted per day in 2022
Approx 4,200 m/ton per year
Current Price (per LME) - per m/ton - USD 38k x 4.10= RM155,800
Revenue (2022) just based on mining activities= RM654 million.
Cost per m/ton is estimated at USD 20k
Estimated Net profit from Mining activities alone -USD 18k x 4200 x 4.1 = RM310 million.

Approximately RM300 mil for FYE 2022- just from MINING activities EXCLUDING Smelting works.

EPS just based on MINING activities alone is PAT 310/420 m shares = 73.8 sen per share.

A conservative Forward PE of 8 = RM5.90 (excluding Profits from Smelting)

NOTE- Assuming the price of Tin remains elevated in the foreseeable future.
22/11/2021 2:47 PM
thesteward I agree with you Goldberg …
22/11/2021 5:20 PM
thesteward First semiconductor shortage ….
Next Tin’s turn?
23/11/2021 9:38 AM
johnnygoodnews RM5.00 OTW....LMT Tin price going to break US$40,000 very soon....Let's us Huat together
23/11/2021 9:41 AM
ahbah MSC ... on solid uptrend now !!!

U got know what to do now ?
23/11/2021 11:02 AM
Goldberg Electric car batteries will be the key growth driver for tin
---------------------------------------------------------

KUALA LUMPUR: Electric car batteries will be the key growth driver for tin commodity in the next few years as it is now being used as the base metal, aside from nickel, to produce faster charging car batteries.

Malaysia Smelting Corporation Bhd (MSC) chief executive officer Datuk Dr Patrick Yong Mian Thong said tin is greatly used in electric car batteries and it will be the growth base metal and the biggest user of tin due to its ability to fast charge and discharge ability.

"Undoubtedly, tin price will see solid uptrend in the next 5 years when the production and demand for batteries goes up, especially from the electric car segment.

"For now, in terms of supplying tin to battery manufacturers, we do not have a target end-user to tap as nobody is mass producing electric car batteries. We are still go through traditional supply chain," he told The New Straits Times in an interview.

Article a bit dated but still relevant.

https://www.nst.com.my/business/2019/09/518184/future-bright-tin
23/11/2021 11:35 AM
james70 Shanghai tin spot prices is currently at USD45k/t. And the tin supply is dwindling. MSC's all in sustainable tin mining cost is around USD10k-12k/t which is very low despite rather low grade tin ore.
23/11/2021 12:08 PM
ahbah Collect more.
23/11/2021 12:20 PM
PureBULL ... Super purebull in TIN prices.
EV.METALS r the shockalingam biz to be in.
this EV metal biz will grow 1st as we see more increasing # of EV.CARS worldwide on the roads : https://tradingeconomics.com/commodity/tin

Our PMETAL, a KLCI component stock at $50 billion mkt cap recently, is the mkt proven giant EV.METAL stock now n will only be growing larger.
PMBTECH n MSC r the next coming multi bagger stocks available on KLSE...


steel, like lumber is a building n construction material, has weakened to near Jan 2021 prices.
n its raw material iron ore tells its future demand, is even lower now : https://tradingeconomics.com/commodity/steel

https://www.mining.com/demand-to-keep-tin-price-on-a-tear-report/

Do this business U must:
EV.economy IS DRIVING SUPER HIGH DEMAND IN EV.METAL N EV.TECH FOR DECADES

https://www.internationaltin.org/tin-in-lithium-ion-batteries/
https://www.internationaltin.org/wp-content/uploads/2019/02/Tin_the-forgotten-electric-vehicle-metal.pdf
23/11/2021 12:29 PM
ahbah Buy n keep on long term investment.

No sell, please.

Thanks.
23/11/2021 12:33 PM
ahbah Fitch expects tin prices to remain on a firm uptrend in the coming decade.

firm uptrend in the coming decade.

firm uptrend in the coming decade.

firm uptrend in the coming decade.
23/11/2021 1:16 PM
Goldberg Longer-term look

Fitch expects tin prices to remain on a firm uptrend in the coming decade.

While prices will ease slightly from spot levels in 2022, Fitch forecasts they will still remain historically elevated, and edge higher to reach $35,500/tonne by 2030. In perspective, this is nearly double when compared to the 2016-2020 average of $18,729/tonne.

The analyst expects tin demand to continue outstripping supply, pushing the market into deficit by 2026. On the supply side, a thin pipeline of tin mining projects will tighten the tin concentrate market, leading to increased competition among smelters and constrained ore feed for refined output growth, Fitch says.

https://www.mining.com/demand-to-keep-tin-price-on-a-tear-report/
23/11/2021 1:44 PM
boomkilikala Post removed. Why?
23/11/2021 8:04 PM
ahbah MSC ... the COMING superstar of our Bursa ?

Just masuk n get a share of it, a small share will do if U are scary.
24/11/2021 10:17 AM
james70 Tin priceon the LME just breached USD39k/t. And the dollar has also strengthened against the RM. So this is a double catalyst to the share price. Once the Q4 results are out in Feb'22, MSC will likely be trading in the RM4-5 range.
24/11/2021 2:26 PM
xiaohe128 next year 2022 will be MSC year....get boat before it spike
new plant, ATH tin price, strong USD/weak ringgit
triple catalyst will bring msc go up 90degree in monthly chart.
24/11/2021 4:47 PM
Goldberg TIN- THE FIRST BASE METAL TO EXPERIENCE A PRICING SUPERCYCLE
-----------------------------------------------------------------------
Tin has been described as the forgotten foot-soldier of the green energy transition. It's the metal that slips between the cracks and still doesn't attract nearly as much media coverage as lithium, nickel and copper.

But it is showing every sign of being the first to experience a pricing supercycle.

Demand has changed structurally from the days when most tin went into cans of long-life foods. The metal is literally hard-wired into all things electronic, opening up an ever broader spectrum of next-generation usage.

The energy transition and the so-called internet of things just ticks more boxes for tin use whether it be in electric vehicles, photovoltaic cells or 5G infrastructure.

Supply, by contrast, has been challenged to the point that the ITA estimates that the global refined tin market registered supply deficits in four out of the five years before 2020.

The official mining sector has suffered from decades of underinvestment and it is arguable that tin has avoided a supply crunch before now thanks only to artisanal finds.

Relying on chance discoveries by the informal sector is not a sustainable supply solution in any sense of the word.

The newly minted consensus among analysts is that tin pricing has to go super-cyclical to balance the market over the coming years.

https://www.reuters.com/business/energy/tin-ticks-all-commodity-superc...
24/11/2021 9:32 PM
Goldberg Indonesia may stop tin exports in 2024, president says
------------------------------------------------
24 Nov 2021

(Updated: 24 Nov 2021 01:44PM)

JAKARTA :Indonesia may stop tin exports in 2024 as part of efforts to attract investment into the resource processing industry and improve the country's external balance, President Joko Widodo said on Wednesday.

https://www.channelnewsasia.com/business/indonesia-may-stop-tin-exports-2024-president-says-2335011
24/11/2021 9:41 PM
Goldberg Tin price surges past $40,000 after Jakarta jolt
------------------------------------------------
MINING.COM Staff Writer | November 24, 2021 | 10:44 am

Intelligence Markets Asia Tin

Indonesia may stop tin exports in 2024 as part of its ambitions to attract investment into downstream processing and manufacturing in the Asian nation, President Joko Widodo said on Wednesday.

The news sent the metal, extensively used in the electronics sector, to a fresh record high with three-month contracts topping $40,000 a tonne for the first time ever. Prompt delivery of tin has traded at unprecedented premiums of more than $1,000 a tonne this year, indicating severe supply shortages in the cash market.

https://www.mining.com/soldering-on-tin-price-surges-past-40000-after-jakarta-jolt/
25/11/2021 8:03 AM
calvintaneng Tin price surged from its low of 1500 to near 3900 is up by just above 100%

PALM OIL CPO IS UP A WHOPPING 200% FROM RM1700 TO RM5,300

WHICH UP MORE?
25/11/2021 8:20 AM
johnnygoodnews RM4 otw...
25/11/2021 9:56 AM
FCTITAN ya Palm oil is better, so dont need to come to tin counter Calvin, not worth ur time to stay here, tin only 100%, kacang putih in front of CPO.
25/11/2021 10:47 AM
okdoke @fctitan....calvin has big headache if anyone invest in tin counter ...investors diversify their investment across many counters ie tin, palm technology reit ETF. It is too risky too put all in palm counters when ESG issue (forced labour...sime plt and fgv , supermax still struggling to clear it while topglove cleared after more than 1 year )is blowing.
25/11/2021 11:32 AM
james70 Tin now in the $40k/t territory.
25/11/2021 4:32 PM
nagasaran93 crashing ohhhhh walao
26/11/2021 10:29 AM
vegebotak I q at 3.00, pls fall more
26/11/2021 10:55 AM
Goldberg "Tin stocks fall to multi-year lows as demand outstrips production"
It is up more than 90% year-to-date
--------------------------------------------------------------------------
By Tom Daly

Dec 3 (Reuters) - Tin prices have nearly doubled from a year ago and are on course for their biggest annual rise in over 30 years, stinging big users of the soldering agent such as electronics firms, utilities, solar panel makers and appliance manufacturers.

For automakers, which use tin in coatings, bearings, brake pads and batteries, the higher tin costs come on top of a semiconductor chip shortage and a spike in prices for aluminium and magnesium due to curbs on energy-intensive industries in China.


Tin, whose main use is as a solder, has outperformed other industrial metals in 2021, gaining over 90% on the London Metal Exchange (LME) . It is on course for its biggest annual rise since trading was relaunched in 1989, four years after the collapse of the International Tin Council forced a suspension.


It is up more than 90% year-to-date
-----------------------------------------
LME tin surged past $40,000 a tonne for the first time last week, while in China, the world's biggest refined tin market, prices are up around 100% on the Shanghai Futures Exchange this year.

"There are few places in the value chain which are not feeling the pain of a higher tin price," said CRU senior consultant Willis Thomas.

He added, however, that photovoltaics (PV) companies, which use solder ribbon to join solar cells, would likely be the most severely affected, since they have less opportunity to pass on added costs to their customers due to "red-hot price competition in PV panels."

Cui Lin, chief China representative at the International Tin Association (ITA), estimates tin demand from the PV industry will rise to about 15,000 tonnes this year, versus only 8,000 tonnes in 2019.

"The stock keeps decreasing, which has affected the price quite dramatically," she said.

Tin stocks fall to multi-year lows as demand outstrips production
------------------------------------------------------------------------
Tin inventories in LME-registered warehouses slipped to their lowest since 1989 at the start of November and are currently at just 1,365 tonnes. ShFE stocks are near a five-year trough.

In Asia, Malaysia Smelting Corp (MSCB.KL), the world's third-biggest refined tin producer in 2020, declared force majeure on deliveries in June, while Indonesia is weighing a ban on tin exports from 2024. read more

"For tin specifically, supply disruption and low inventories have been the key theme for the last year," said Tom Mulqueen, head of research at Amalgamated Metal Trading (AMT) Ltd.

The ITA estimates global refined tin consumption will grow 7.2% in 2021, after slipping 1.6% to 361,900 tonnes last year as the pandemic disrupted global industries.

However, in some ways life under lockdown has been a boon for tin.

"Tin demand benefited substantially from the rapid transition to home working," Mulqueen said, pointing to higher spending on white goods and appliances that still use more tin-intensive circuit board technology, particularly in China, and demand for nonperishable goods packed in tinplate.

https://www.reuters.com/markets/commodities/tin-surge-worsens-supply-chain-woes-electronics-solar-auto-firms-2021-12-03/
05/12/2021 10:52 AM
Goldberg Tin Export Ban in Indonesia Likely to Upset Global Supply in the Long Run
-----------------------------------------------------------------
Nov 24, 2021 15:03CSTSource:SMM

The news that Indonesia may stop tin exports in 2024 will have more impact on the tin industry in the long term.

SHANGHAI, Nov 24 (SMM) – The news that Indonesia may stop tin exports in 2024 will have more impact on the tin industry in the long term.

At present, the monthly exports of tin ingots in Indonesia average around 6,000 mt, and the annual exports stand at about 70,000-80,000 mt. The global demand for tin ingots is currently about 340,000 mt in 2021. If the tin ingots is banned from exporting in 2024, the increase in global supply outside of Indonesia will not be able to make up for the void in the market caused by the Indonesian policy, therefore the gap will be significantly expanded.
05/12/2021 11:23 AM


FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Health minister: Traveller from South Africa on Nov 19 is Malaysia’s first Omicron case save malaysia!
2. WHO urges Asia-Pacific to ready for Omicron-driven surge in infections Good Articles to Share
3. Latest Land Disposal in Sg Tiram, Johor, shows Palm Oil Companies with Huge Landbanks with Cheap Book Value are Jewels, Calvin Tan THE INVESTMENT APPROACH OF CALVIN TAN
4. Aurelius Technologies Bhd - Global EMS Provider PublicInvest Research
5. Bitcoin extends downtrend, falls 12.1% to US$47,176 Good Articles to Share
6. Hawkish Fed boosts value stocks’ appeal for some investors Good Articles to Share
7. Vietnam’s EV maker VinFast plans US IPO in second half of 2022 Good Articles to Share
8. “Don’t panic over Omicron”: WHO says there is much to learn about the new variant Good Articles to Share
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

362  474  546  892 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 VSOLAR 0.015-0.005 
 VS 1.15-0.27 
 THHEAVY 0.015-0.05 
 VS-WB 0.355-0.09 
 IMPIANA 0.085+0.005 
 INARI 3.87-0.23 
 GOCEAN 0.0350.00 
 DNEX 0.745-0.025 
 ATAIMS 0.445+0.035 
 EAH 0.02+0.005 
PARTNERS & BROKERS