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Lower volumes, higher margins for Timah

Post By: Peter Kettle on Friday, 26 August 2011

Indonesia's PT Timah reported a 29% rise in consolidated sales and a more than doubling of net income to Rp 689 billion (US$79 million) in the first half of 2011, despite a fall in tin sales volumes. Refined tin sales by the state-controlled company in January-June fell by 12% year-on-year to 17,457 tonnes, despite a marginal rise in mine production (including purchases of ore) to 17,701 tonnes of tin-in-concentrate. Sales last year were boosted by a run-down in...

Japan tin imports show delayed quake effect

Post By: Peter Kettle on Tuesday, 02 August 2011

Official trade data shows the lagged effect of the natural disasters which hit Japan in March on refined tin demand in Japan. After holding up quite well through April and May, June imports slumped to 1,932 tonnes, down 43% on June 2010. Cumulative imports in the first half of the year amounted to 15,141 tonnes, down 11% from an exceptionally high first half 2010 level.

An analysis of imports by source by the trading company Mitsubishi Corporation Unimetals shows...

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