Supply of Tin Ore Unlikely to Increase Significantly in Next Two Years

Published: Feb 16, 2023 16:00

Save

On February 15, Yunnan Tin Company Limited predicted that due to factors such as declining grades, mining technology limitations, and rising labour costs in major traditional tin mining areas around the world, output has shown a downward trend to varying degrees, and the average cost will continue to rise.

At the same time, due to the high industrial concentration of the tin industry, the capital expenditure in the early stage of mineral development has been insufficient for a long time, and due to the impact of the previous pandemic and inflation, the progress of related new mining projects has not been as expected.

In addition, the sharp fluctuations in the price of tin in recent years have also constrained the cost efficiency of mine development and investment enthusiasm.

In addition, insufficient supply of scrap and the technical issue also limited the supply of secondary resources to a certain extent. Tin ore supply is unlikely to grow noticeably in the next two years.

Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Continued Geopolitical Rivalry Fueled Rising Wait-and-See Sentiment, Tin Prices Opened Lower and Fluctuated in the Morning [SMM Tin Midday Review]

[SMM Tin Midday Review: Continued Geopolitical Tensions Fueled Rising Wait-and-See Sentiment, Tin Prices Opened Lower and Traded Sideways in the Morning]

1 hour ago

3 hours ago

[SMM Tin News Flash: Zhenbang Intelligent: The Company's Optical Module Reader/Writer Products Have Achieved Mass Production]

Zhenbang Intelligent stated at its earnings briefing that the company has established a presence in the humanoid robot sector with core parts including intelligent controllers, battery management systems and battery packs, and exoskeletons. However, the revenue and capacity scale of these products are currently relatively small, with limited impact on the company's overall performance. The company's optical module reader/writer products have achieved mass production, but the operating revenue from these products currently accounts for a relatively small proportion of the company's total revenue.

3 hours ago

4 hours ago

The Most-Traded SHFE Tin Contract Retreated After Rapid Rise During Night Session, Spot Market Largely Adopted a Wait-and-See Approach [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Retreated After Rapid Rise During Night Session, Spot Market Largely Adopted a Wait-and-See Approach]

4 hours ago