Tin May Extend Gains as Myanmar Ore Output Seen Flat Then DownBloomberg News
Nation’s ore industry faces development bottleneck: institute
Production costs set to rise on more fixed-asset investment
Tin, this year’s second-best performer among base metals, may extend gains as ore output from the No. 3 producer Myanmar is set to decline next year, according to the International Tin Research Institute.
The nation’s output this year may remain little changed around the 50,000 metric tons of contained metal mined in 2015 before falling in 2017 by as much as 5,000 tons due to the depletion in resources and drop in grades, according to Cui Lin, chief China representative of the institute, citing its estimate based on Myanmar’s exports to China, which accounted for the majority of its shipments.