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The overall operating rates fell slightly week on week in Yunnan and Jiangxi. The operating rates of tin ingots in Yunnan declined on the week. According to SMM survey, smelters have cut their output due to environmental protection and the expectations of air pollution in some area of Yunnan. Smelters in other area have not been impacted.
The news that Indonesia may stop tin exports in 2024 will have more impact on the tin industry in the long term.
The news that Indonesia may stop tin exports in 2024 will have more impact on the tin industry in the long term.
How Toyota Tsusho's Metalsplanet.com Will Be The New Gamechanger SECTIONS Last Updated: Feb 05, 2021, 02:42 PM IST Share Comment Last year, the outbreak of the Covid-19 pandemic had severely impacted the global automobile, construction, and electrical machinery industries, which together contribute 75-85% to the global non-ferrous metal demand. As a result, consumption of these metals had contracted significantly, ranging from 3 - 4% for copper and zinc, and up to 8 percent for aluminium on a Y-o-Y basis. However, the good news is that the tides are changing. There has been a steady turnarou...