Leading Chinese producers cut production
Most of China’s larger tin producers have announced production cuts in response to low prices and weaker demand. Yunnan Tin Company, the world’s largest tin producer, said it plans to cut output by about 30% in the fourth quarter. The fall in tin prices...Metals X hit by market conditions, start-up delays
Metals X’s plans to establish a major tin production base at the Renison project in Tasmania are running behind schedule, although the Mt Bischoff mine is reported to be working at full planned capacity. However the company’s plans to start by-product...Timah reports strong Q3 production but falling margins
Indonesia’s state-controlled tin producer PT Timah reported year-on-year increases in both mine and refined tin production in the third quarter, but rapidly rising costs greatly eroded operating margins. In its third quarter financial results, released today,...Bolivia responds to metals price crisis
The Bolivian government has responded to the recent slump in metals prices by making more funds available to small-scale producers, while the county’s largest tin mine is to boost ore throughput to try to maintain cash flow, according to local press reports...Peru tin production increasing
Both mine production and refined tin production by Peru’s only tin producer, Minsur SA, is up on year-ago levels in the first three quarters of 2008. Data on non-ferrous metals production released by the Ministry of Mines and Energy on Monday showed that mine...China tightens controls on tin exports
China’s Ministry of Commerce has introduced further controls on tin exports, in addition to the reduction in quota tonnages for 2009 announced two weeks ago. Reuters reports that in future export licences will only be granted to companies with various minimum...Timah reduces production
Indonesia’s PT Timah may produce about 45,000 tonnes this year, Corporate Secretary Abrun Abubakar told Bloomberg on Wednesday. Average production costs are at least $12,000/tonne, which would indicate the “normal price” for tin would be around...More on Indonesia cutbacks
Following initial reports last Thursday, interviews with senior Indonesian officials today have confirmed that most – if not all – independent smelters in Bangka-Belitung province have stopped production. Furthermore the governor of the province has also...China tin production picks up in September
China’s National Bureau of Statistics today released provisional non-ferrous metals production figures for September, which showed refined tin production at 10,113 tonnes. Although the September total was 12.5% lower than in September 2007, it was higher than in...
