SINGAPORE (Mar 26): On the back of supply shortages and a weaker US dollar, the price of tin — as that of other metals such as copper, aluminium, nickel and zinc — has been on an upward trend this year. Tin hit a four-year high of US$22,104 a tonne (spot price) on the London Metal Exchange at the end of January but, as at March 13, it had slipped to US$21,215 a tonne. However, this was still nearly 6% higher than its price of US$20,030 per tonne a year ago.

Rising tin prices are a boon to miners of the metal, such as Malaysia Smelting Corp, but for manufacturers, such as tinplate producer Perusahaan Sadur Timah Malaysia (Perstima) and tin producer Johore Tin, which sources its local supply of tinplate from Perstima, they spell higher costs.

Fluctuations in tin prices have a big impact on integrated tin producer MSC, whose core operations are its international smelting and tin-mining divisions. According to its CEO Patrick Yong, rising prices augur well for the group’s tin-mining subsidiaries Rahman Hydraulic Tin and SL Tin. RHT operates Malaysia’s largest open-pit hard rock tin mine.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook