Venture Minerals Says Market Can Sustain Record Tin Prices

Venture Minerals Ltd., building a tin mine in Australia’s Tasmania state, said shortages that helped push prices of the metal to a record today will endure for at least five years because of a dearth of new projects.

“The market can handle these sorts of prices,” Managing Director Hamish Halliday said in an interview in Perth. “The catch-up that’s required on the exploration side is quite vast. You’ve had virtually no greenfield exploration for a quarter of a century. There will be a major supply gap going forward.”