A spokesman for Singapore Tin Industries (STI) told journalists today that it plans to produce 9,000 tonnes of refined metal in January-June.
The company had produced 8,738 tonnes in the six months to December 2006, but announced on 25 January that it was cutting production as a result of feed shortages resulting from the closures of independent smelters in Indonesia.
However following discussions with major shareholder Yunnan Tin Company last Friday it has reverted to its original plan in response to strong demand and premiums. YTC owns 42% of STI.
From this month the company will focus on the re-refining of tin currently on warrant in LME warehouses in Singapore to produce 99.9% tin with a maximum 100 ppm lead.
"For the next three months, 90 percent of the raw material will come from the LME warehouses," spokesman Petrus Tjandra told Reuters.
