The coordinated shuttering of Chinese smelters raises many questions. One rationale suggested is that the removal of an estimated 13500t of finished tin from the market June/July will buoy tin prices and match higher prices already paid for concentrate with better returns for metal.
Interesting that the smelter moves coincide with Indonesian discussions on restricting ore exports & changing royalty regimes. Interesting also to note that the ITA suggest that possible concentrate shortages late July may hinder restart of Chinese smelters.
https://www.internationaltin.org/producers-pull-back-as-chinese-price-plunges/
https://www.internationaltin.org/ganzhou-kaiyuan-announces-smelter-maintenance/
The coordinated shuttering of Chinese smelters raises many...
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