The international tin trade is known to have been in existence for more than four thousand years and the importance of this metal as a constituent of bronze and pewter was well known in ancient times. The modern tin industry dates from the time of the industrial revolution. In this book, Peter Roddy examines all aspects of the tin trade from the Bronze Age to the present day and considers the future outlook for this metal in a comparatively small but important market characterised by fluctuating prices and falling demand.
The author provides a comprehensive overview of the production, consumption and uses of tin, explains the structure of the market and provides an insight into trading techniques and strategies. The crisis of 1985 and subsequent events are discussed in detail and the future of tin and its associated industries are considered in the light of changes in technology and growing environmental concerns.
This book will be essential reading for anyone with an interest in the international trade in tin, whether as produer, trader or consumer and all those seeking readily accessible information on the industry.
Table of Contents
Chapter 1: The History of Tin
The Bronze Age to the Industrial Age
The Industrial Age, 1700-1914
Control in peace and war, 1914-1953
Chapter 2: International Control, the Tin Crisis and the Free Market
Introduction
The international tin agreements
The tin crisis
Trading after the crisis
Chapter 3: Consumption and Production
Statistical sources
Consumption
Production
Occurrence
Deep Mining
Opencast mining
Gravel pumps
Mining with pumps on a pontoon
Hydraulicking
Dulang
Dredges
Mining investment in tin
Chapter 5: Smelting and Refining
Refining
Secondary tin
Chapter 6: Refined Tin
Properties
Standards and brands
Quality assurance
Chapter 7: The Uses of Tin
Coatings
Non-coating uses of tin
Chapter 8: The Structure of the Market
Market players
The three international tin markets
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Chapter 9: The Management of Trading
Analysis of tasks
Limits
Risk
Computers
Administration
The means of communication
Chapter 10: The Trader-Client Relationship
Trader Specialisations
Client liaison
Trading costs
The trading agreement
Client accounts and credit lines
Merchants and producers
Chapter 11:Trading in Physical Tin
Contract terms
Letters of credit
Value Added Tax and local taxes
Concentrates and residues
Chapter 12: Trading in Futures
The exchanges
Forward tin
Hedging
The squeeze
Speculation
Chapter 13: Forecasting Tin Prices
Technical analysis
Fundamental analysis
Chapter 14: Villainy
Futures markets
Fraud
Physical tin
Concentrates
Smuggling
Chapter 15: The Future of Tin
Future tin consumption
Environmental considerations
Market structure
The outlook for prices
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About the Author
Michael Atkin was involved in the tin trade for more than 30 years, his early interest in metals inspired by his family connections with South Wales, an area which was once the world's leading producer of tinplate. He joined the metals trading team of Ferguson Wild at the age of 24 and at the time was the youngest ring-dealer on the floor of the London Metal Exchange. He subsequently worked for J.H. Rayner (Mincing Lane) Ltd. and was Director and General Manager of Triland Metals Ltd. before joining Barclays Metals Ltd. Peter Roddy died suddenly on January 30, 1994, at the age of 55.