December 02, 2008

World tin consumption in 5 months up by 1.1% YoY - WBMS

Preliminary statistics released by the World Bureau of Metal Statistics show a slight increase in world tin consumption in January to May 2008 period.

The Bureau said that global refined tin consumption is estimated to have increased by 1.1% YoY to 147, 900 tonnes in January to May 2008 as compared to the same period of 2007.

The WBMS data shows that growth in Asia has been partly offset by declines in apparent consumption in the USA and Europe. Chinese demand rose by 11.2% and Japanese consumption rose by 5.8% compared with the depressed 2007 total. However US consumption is estimated to have fallen