Tale of two miners shows tin is tough
Tin has always been a tricky market to invest in, and Kasbah Resources is a case in point.
Tin has always been a tricky market to invest in, and Kasbah Resources is a case in point.
With commodity investors focused on Greece's debt negotiations in Europe, nickel increased in value nearly half a per cent while the price of copper dipped and other metals remained steady.
Metals X, Australia’s largest tin mining company, is defying a two-year slump in prices with plans to increase output by about 14 per cent.
The share price of Kasbah Resources has been in free fall for most of calendar year 2014, but October heralded some more positive news which could see a near to medium-term recovery.
Metals X is outperforming in production and financials, with costs coming in below analysts’ expectations, earning the miner a “buy” recommendation.
Often considered unattractive compared with its higher margin cousins such as copper and aluminium, tin is capturing the attention of base metals investors.
Venture Minerals has boosted the resource at its flagship Mt Lindsay tin and tungsten project in Tasmania as it finalises a pre-feasibility study on the project.
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