This shows how little I know about the tin market then:
China, the world\’s biggest consumer of tin, has already fired up its consumption sharply this year. The nation\’s imports more than doubled to 18,222 tons in the eight months to August, according to customs data. And its purchasing managers index shows that China\’s manufacturing expanded for a seventh month in a row in September.
PT Timah, the world\’s second largest producer of tin, last week forecast that global consumption will jump by 7pc in 2010 and the company\’s stock has advanced 99pc this year.
A major use is for solder, the other for tin cans. The former market I would have thought would be shrinking as lead based (ie, the ones that need tin) are phased out of electronics and the latter are, I would have thought anyway, being replaced by aluminium.
Perhaps the non-lead based solders still need tin (actually, I seem to recall that they do) and tin plated cans are still popular: lucky I\’m not in the tin market really, isn\’t it?