Yunnan Tin, the world’s largest producer of refined tin, has announced its intention to bid for fellow Chinese tin smelter Chifeng Dajingzi Tin Industry Company, a subsidiary of state-owned China Nonferrous Metal Mining Group (CNMC).
The bid is a part of an auction for 100% equity of the Inner Mongolia-based company, which has a production capacity of 5,000 tonnes per year, and this move appears to be linked to Yunnan Tin’s aim of building a ‘northern tin hub’ in China.
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