Boost for Yunnan Tin

Source: Xinhua | 2017-06-21

CHINA’S Yunnan Tin Co, the world’s biggest tin producer, has received government approval for so-called “processing trade,” churning out refined metal for export using concentrate shipped in from abroad. That could provide a further boost to Chinese tin exports that have already been climbing this year, buttressing dwindling stocks abroad and dampening global prices. The agreement means that Yunnan Tin will be able to skip the 17 percent value-added tax on refined metal exports that it has produced from imported concentrate, said tin industry body ITRI.