China’s Yunnan Tin Company, the world’s largest producer reported a 164% year on year increase in net profit to RMB 71.7 million yuan. (US$10.5 million), while sales grew 43% to RMB 2.04 billion. In the January to March period, it produced 17,134 tonnes of nonferrous metals, up 14% from the year earlier period.
Sales of downstream products increased much more, with output of tin chemicals going up 146% to 4,296 tonnes and output of tin products (mainly solders) up 90% to 4,623 tonnes. The prices of its products on the Chinese market were also much higher, with tin metal up 33% year-on-year and tin products and chemicals rising 31% and 12% respectively.
