Yeah - which doesn’t help when ur smelters busted down running at a fraction of capacity… normal volumes won’t return until their new smelter is commissioned early in the new year. MLX may need to ink another deal with Yunnan.
In mid-April, MSC reported failures at two reverberatory furnaces at its Butterworth tin smelter in Penang, Malaysia. The facility has suffered from years of under-investment amid efforts to shift operations to a converted lead top submerged lance (TSL) smelter in Port Klang. A subsequent note to suppliers in late April revealed that necessary work to rebrick the furnaces could take nine months. The LME 3M tin price reacted significantly to the news, pushing beyond $28,500. The company stated it was unable to handle its usual volume of raw materials and will change its pricing terms and delivery timescales for contract toll smelting of concentrates from 30 to 60 days from 1st June. MSC commissioned its replacement TSL smelter in November 2020 but it could take the rest of this year to bring it up to full capacity
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