SMM see tin price breaching US$ 20,000 in 2020

According to Shanghai Metals Markets (SMM), tin prices on the Shanghai Futures Exchange (SHFE) are likely to rebound to above US$ 20,000/tonne by the end of the year on the back of tight supply. SMM data, as well as ITA figures, indicate that refined tin production in...

Mine accident further tightens Chinese tin market

The already tight tin concentrate market in China has been dealt a further blow after a mine collapsed near the city of Hechi, Guangxi province, killing two and trapping a further 11 people. At about 6:30 on 28 October, the roof at a mine owned by Qingdaxiyuan Mining...

Asia Tin Week: Medium-term tin market future is positive

ITA held its annual Asia Tin Week event in September, located this year in the city of Xi’an, China. Over 250 delegates gathered at the event to discuss the tin market as well as future applications and sources of tin. The occasion also celebrated the tenth...

Falling tin prices prompt Chinese smelters to reduce production

With low tin prices on both the London and Shanghai trading houses, Chinese miners are struggling to generate a profit, resulting in lower production of tin concentrate. Combined with mine closures earlier in the year, smelters in the country are finding it difficult...

Chinese export window closes as ore imports continue decline

China’s import of tin concentrate continued to fall in May relative to last year as mine production in Myanmar continues to decline, while refined tin exports also fell due to a shrinking arbitrage between the Shanghai and London-based metals exchanges. Customs...

Potential YTC – Minmetals merger announced

According to local sources, the Yunnan provincial government and China Minmetals are set to finalise a deal that will deepen the ties between the two organisations. This could result in China Minmetals becoming the majority shareholder of the Yunnan Tin Group...

LME considering China expansion

According to sources at LME Asia Week in Hong Kong, the LME are in talks with the officials in the Guangdong province of China to open a new warehouse. LME warehouses have near-total coverage of the major tin-using countries and regions, and currently, Asia is served...

China refined tin exports rise despite restricted Myanmar supply

According to the latest customs statistics, China’s tin ore and concentrate imports in March 2019 totalled 13,056 tonnes, of which 92% originated from Myanmar. We estimate that the tin content of shipments from Myanmar in March was 3,100 tonnes, up 244% month-on-month...