SHANGHAI, Apr. 22 (SMM) –
Citi Raises Forecast for 2013 Tin and Lead Prices
Citi Research raised its forecasts for average tin price in 2013 and 2014 by 3.4% and 3.3% to USD 23,530/mt to USD 23,625/mt. However, the Citigroup cut the forecast for 2015’s average tin price by 4.0% or USD 1,000/mt to RMB 24,000/mt.
Companies Qualified for Entrance Requirements of Tungsten, Tin, and Antimony Released
The Ministry of Industry & Information Technology released the first batch of 16 companies qualified for the entrance requirements of tungsten, tin, and antimony. These companies include three listed companies – Chongyi Zhangyuan Tungsten, Xiamen Tungsten, and Yunnan Tin Group.
Yunnan Tin Group Lost Nearly RMB 200 Mln in 1Q
Yunnan Tin Group expected a loss of RMB 185-195 million in its net profit distributable to the listed company in the first quarter, compared with the RMB 40.16 million recorded over the same period last year.