Hunter Capital Research Report
Diamond drilling to commence at Heemskirk Tin
Notice of EGM
Financial Report for the Half-Year
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.