China tin trade subdued in January
Latest official customs statistics released by China last week showed that the country’s tin ore and concentrate imports from Myanmar fell by 57% year-on-year to 31,359 tonnes (gross weight) in January, predominantly due an earlier Chinese Spring Festival holiday period than in recent years. Refined tin imports also fell 34% over the same period to 643 tonnes.
The top 10 global producers of refined tin showed a 2.4% reduction in aggregate production in 2016 to 218,165t according to the International Tin Research Institute (ITRI). Their share of the global market also declined marginally from 67% in 2015 to 65% in 2016. The top 4 Chinese producers account for just over 50% of top 10 production and managed a 1% increase in 2016 with the help of imports from Myanmar covering a decline in domestic raw material supply.
Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company”) is pleased to advise that it has completed an initial X-ray sorting test program using drill core from the Severn and Lower Queen Hill tin deposits.
TOMRA advised in its test report that sorting using a full size TOMRA COM XRT machine was “able to identify and separate high density tin bearing particles from waste. Different machine settings were used for each of the feed materials and both sets of samples showed significant amenability to upgrading the tin concentration.”