11th Jun 2026 11:25
Cornish Metals PLC - developing South Crofty tin mine in Cornwall, England - In an activity update on Wednesday, Cornish Metals says the economics for the South Crofty project are being supported by current tin prices around USD53,000 a ton. This gives the project a net present value using a 6% discount rate of GBP500 million, compared to the company's market capitalisation of GBP135.7 million. Tin has a range of industrial uses, including to make the solder used to stick together the computer components needed for artificial intelligence servers. Currently most supply comes from China, Myanmar and Indonesia. Read More
