The World's Largest Tin Producer

World tin manufacturing decreased in 2020, by 270,000 metric heap (MT) compared to 296,000 MT in 2019. China maintains its role as the largest tin producer with an output of 81,000 MT, with Indonesia coming in second at 66,000 MT.

According to the latest US Geological Survey records on the metal, the decline in tin manufacturing arrived here on the return of higher prices. This is consistent with the fact that the tin market has experienced a deficit for 9 of the remaining 10 years, and is expected to continue to experience a deficit in line with the increasing use of tin.

While it is interesting to look at tin manufacturing at the United States level, it is also useful to understand which companies are the largest producers of tin. These facts can be determined in the list of 10 advanced tin producing companies issued by the International Tin Association. Read on to analyze the extra important points about the biggest tin producers in 2020.

1. Yunnan Tin Company (SZSE:000960)

Refined tin production: 74,800 tons

China's Yunnan Tin Company was without difficulty the largest tin producer in 2020, producing 74,800 tons of metal; it's a bit minimal from the previous year. The company, which is traded on the Shenzhen Stock Exchange, is a subsidiary of the state-owned Yunnan Tin Group (Holding) Company, which traces its roots back to 1883. As well as being the world's largest tin producing company, Yunnan Tin The company is also a search and development center largest precious metal in China.

2. PT Timah (IDX: TINS)

Refined tin production: 45,700 tons

PT Timah is an Indonesian state-owned organization that was founded in 1976 and is headquartered in the province of Bangka-Belitung. It is a tin producer and exporter with operations ranging from exploration and mining to processing to marketing. Business companies have various subsidiaries.

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Last year, it produced 45,700 tonnes of tin, a remarkable drop from 76,400 tonnes in 2019, dropping it from the one-place range. According to the International Tin Association, PT Timah was once in a position to double its tin production in 2019 as Indonesian export regulations forced many private smelters to cease operations. In turn, several idle smelters have been leased to PT Timah, significantly increasing its tin production capability. By 2020, many of these identical non-public smelters have been able to resume their private production.

3. Malaysian Fusion (KLSE:MSC)

Refined tin production: 22,400 tons

The largest 1/3 of tin producers in the closing year was Malaysia Smelting, which produced 22,400 tonnes of tin in 2020, down from 24,300 tonnes in 2019. The company is also more than a century old, and since 1887 has been a major producer of tin and tin-based products. , as well as a special tin smelting head.

It is a subsidiary of the Singapore Straits Trading Company (SGX:S20), and has various wholly-owned subsidiaries; Malaysia Smelting also has hobbies in various companies.

4. Minsur

Refined tin production: 19,600 tons

The next largest remaining tin producer that year was Peru-based Minsur. The company also produces some gold. Last year, its tin production reached 19,600 tons for two days for 12 consecutive months.

The company's origins date back to the twentieth century, and it currently owns the San Rafael mine, which is billed as the largest tin-producing mine in South America. San Rafael has been operating using Minsur since 1977, and currently produces 12 percent of the world's tin. Minsur also owns a smelter and refinery where it completes the tin production cycle.

5. Yunnan Chengfeng Non-ferrous Metals

Processed tin production: 16,500 tons

Founded in 1994, Yunnan Chengfeng Non-ferrous Metals is the 2nd largest tin producer in China, behind Yunnan Tin Company. In 2020, it produced 16,500 tonnes of tin, lowering its output by using 13.6 percent. In addition to tin, it produces indium, silver, gold, tin, bismuth and antimony. It has more than 1,800 units of smelting equipment, as well as one hundred units of environmental safety equipment.