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Markets // Market Analysis

YTC announces planned smelter maintenance

Thursday, 31 August 2017

Yunnan Tin Company Limited (YTC) has announced it will cease production to undertake maintenance of its smelter in Gejiu for a period of 41 days starting on 31 August.

The company does not expect the planned production halt to have a significant influence on its overall 2017 refined tin output, but we estimate that the short-term impact will be a 5,000 t reduction in refined tin production during the maintenance period.

YTC's 2017 first half report has also revealed operating incomes of 18.685 billion RMB (US$ 2.8 billion), up by 13.5% year-on-year with net profits to shareholders totaling 359 million RMB (~US$ 54 million).
The company's improved financial performance is largely linked to the stronger price performance of non-ferrous metals compared to last year, although it has also announced successes in improving operational efficiency and cutting costs and fees.


China YTC

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