China’s Yunnan Tin Company plans to increase output of refined tin, tin products and refined lead by 12% in 2008. In an announcement of its financial results for 2007 it said that combined production of the two refined metals and tin semis would rise from 99,950 tonnes last year to 111,376 tonnes in 2008.
Refined tin output last year was 61,129 tonnes. The company did not provide a separate official forecast for 2008. YTC produced 11,838 tons of tin chemicals and 16,662 tons of tin products in 2007 and expects to produce 15,000 tonnes of each this year.
Net profit of YTC, the Shenzhen-listed subsidiary of the Yunnan Tin Group, almost trebled to 601.2 million yuan (US$84 million) in 2007 from 206.1 million yuan a year earlier. Operating revenue increased by 69% to 8,460.1 million yuan.
