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Latest official customs statistics released by China yesterday showed that the country's tin ore and concentrate imports from Myanmar totalled just 8,641 tonnes (gross weight) in February 2016, down 88% from 72,436 tonnes in January and down 53.0% year-on-year.
Major private Indonesian tin miner and smelter, PT Refined Bangka Tin (RBT), has announced plans to end all its tin operations and scrap its smelting and refining facility due to environmental concerns, Reuters reported yesterday.Tomy Winata, the founder of RBT's holding company, the Artha Graha Group, told Reuters: "All Indonesian shareholders and Singaporean partners have agreed to cease operation [sic] ... The area will be made a conservation
China's nine major tin producers, including the world's largest supplier Yunnan Tin Company, announced today that they would reduce their combined production by some 17,000 tonnes or 12% year-on-year in 2016 in response to adverse market conditions. The industry in China has been negatively impacted by continuously declining prices through 2015, as evidenced
by reported financial losses and the significant production cuts already made in the last six
The Greek debt negotiations are not running aground over principles. They’re not disputes about substantial sums of money. Politics and pride led to the latest rupture of talks on Sunday evening. A deal can still be done, if only these powerful forces of division can be overcome.
The dollar was nursing heavy losses in Asia on Friday after wild swings overnight left dealers struggling to find a pattern amid all the noise, setting the scene for a defensive session into the weekend. There was a complete breakdown of correlations between markets, with the dollar reversing course, stocks sliding, Treasury yields at two-year peaks and gold screaming higher.
The number of Americans filing new claims for jobless benefits fell to a near six-year low last week and consumer prices rose broadly in July, which could draw the Federal Reserve closer to trimming its massive bond-buying program.