China's plans to stockpile some 40,000 tonnes of tin in the coming year could threaten the London Metal Exchange's smallest market with further tightness, sources have told Fastmarkets.
With the industry's supply chain still reeling from the effects of the Covid-19 pandemic, concerns were now beginning to mount over the global availability of concentrate feed for smelters.In late April this year, the provincial government of Yunnan announced an incentive plan for companies in the region, which would receive subsidies on the purchase of base metals. The authority pledged to subsidize as much as 80% of loan interest, to create a total stockpile of some 800,000 tonnes of base metals....