China's refined tin production is set to fall by 29% year on year in the fourth quarter, mostly due to a lack of concentrate from Myanmar, the International Tin Association (ITA) said in a note on Thursday November 29.
Myanmar's tin concentrate shipments account for 40% of China's raw material feed. Stocks held in warehouses in China and at the ports in Myanmar have been depleted since August, the ITA said.This, and the relocation of ore processing plants in Yunnan province amid rising costs, has led some smelters to close partially or entirely, while...