Wa State authorities amend tax policy but no move to end the mining suspension
Authorities in Wa State earlier this month announced a change in mining tax policy effective from 7th February 2024, with all producers now required to pay a universal 30% tax-in-kind on tin concentrate exports. The autonomous northeastern state of Myanmar suspended...High China price sees import surge
The latest customs data from China indicates that the country imported significant quantities of tin during March, likely because of the high local price. China imported some 28,986 tonnes of tin ores and concentrates (gross weight) in March 2022. This material was...Chinese refined tin imports hit eight-year high
China has continued its recent trend of significant imports of refined tin: the latest official data shows a nearly 2000% increase from May 2019. According to the latest China Customs data, China imported 3,674 tonnes of refined tin in May 2020. This is a 1762%...COVID-19: China tin industry in recovery mode
The tin industry in China is beginning to recover from the COVID-19 outbreak, with imports of tin concentrate returning to normal levels. Refined metal imports remain elevated as demand grows. According to the latest customs data, China imported 4,000 tonnes of...China refined tin imports increase eight-fold
Imports of refined tin metal into China increased eight-fold during the country’s quarantine to stop the spread of COVID-19. The outbreak of the novel coronavirus (COVID-19) forced the Chinese government to quarantine the country, halting the majority of...Constrained Chinese market struggles to source tin
Despite the large arbitrage between the Chinese domestic tin price and the LME price, imports of refined tin into China were lower than expected in October. China’s import arbitrage continued to widened from September as the SHFE tin price performed better than the...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...JFX launches physical tin contract
The Indonesian-based Jakarta Futures Exchange (JFX) has launched a new physical tin contract, which has been backed by the country’s major producer, PT Timah. The JFX initially aimed to bring a physical tin contract to the market in 2013, but this was delayed,...
