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Rusolovo is Russia's main tin producer, operating at deposits in Khabarovsk Krai. The metal is inconspicuous but indispensable: without it, electronic circuit boards cannot be soldered. The shares trade on the Moscow Exchange under the ticker ROLO.
The tin market is small by global standards — orders of magnitude smaller than the copper or aluminium markets. Its defining feature follows from this: the price is volatile, because a few large trades or the shutdown of a single mine noticeably shifts the balance of supply and demand.
The main consumer is the electronics industry: tin goes into the solders that join components on circuit boards. There is almost nothing to replace it in this role, so demand is resilient and grows along with electronics production.
Russian mining was wound down for a long time, and rebuilding the industry requires investment in mining operations and ore processing. The company operates in a remote region, where logistics and power supply are cost items in their own right.
Deposits in Khabarovsk Krai.
Production of tin concentrate at the company's own processing plants.
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
It mines tin ore at deposits in Khabarovsk Krai and produces tin concentrate from it.
Above all in solders for electronics: they are used to join components on circuit boards. Tin is also used in alloys and in coatings that protect metal from corrosion.
Because the market is small by global standards. The shutdown of a single large mine or a few big trades noticeably shifts the balance of supply and demand — in a large market such an event would pass unnoticed.