Posted by SuperTrump69 > 1 week ago | Report Abuse

Nice monday

Posted by GreenMinerMSC > 1 week ago | Report Abuse

Con Call held this morning was generally positive with a stronger 2nd half ahead. Smelting ops back to normal after the rebricking exercise mid May to mid July , which shut down the furnace. Supply shortage of 3rd party ore for smelting also saw some easing. Smelting profits should rebound strongly in 2Half 2024. Tin prices sholud remain strong as demand outstrips supply globally.

Posted by Seeking > 1 week ago | Report Abuse

What about the few thousand tons of intermediates stock? Can’t smelting process them?

Posted by abc333 > 1 week ago | Report Abuse

civil war in myanmar and congo turn worst, tin price might sky rocket like 2022

Posted by GreenMinerMSC > 1 week ago | Report Abuse

Smelting of intermediates going on. There was a deduction of 12 mil in 2Q results under Eliminations/Adjustments which will be added back in 3Q.

Posted by fregend > 1 week ago | Report Abuse

seems like tin price is slowly climbing back to 35k, MSC should have better q ahead since done rebricking earlier

Posted by Seeking > 1 week ago | Report Abuse

Thanks Greenminer. How co value the intermediates?

Posted by GreenMinerMSC > 5 days ago | Report Abuse

Mgt did not give any details on the value of the intermediates.

Posted by fregend > 5 days ago | Report Abuse

can test 2.50 level today?

Posted by fregend > 4 days ago | Report Abuse

soon will test 2.60 in near future

Posted by GreenMinerMSC > 4 days ago | Report Abuse

Profit for 3Q2023 was only 12 mil. This is a low hanging fruit for MSC to gobble up !! 4Q2023 profit was even lower at 9 mil , so the next 6 months should see some sustained buying interest as these numbers will be easily overcome with better results hopefully at several multiples times the 3Q and 4Q 2023 numbers.

Posted by Seeking > 4 days ago | Report Abuse

Green miner, it’s a norm that annual repair is 3months?

Posted by GreenMinerMSC > 3 days ago | Report Abuse

It was from mid May to I think mid July. They acquired 2 rotary furnaces to take over the smelting of intermediates when the main furnace was undergoing rebricking. The problem is that one of the 2 also broke down , hence the lower amount of smelted products. They have now acquired a 3rd Rotary furnace as a back up to the backup. Hopefully, in future the Rotary furnaces can seamlessly continue the smelting work when the main furnace is under maintenance. I think they are also trying to reduce the time taken to rebrick by sourcing for new materials. This should address the once a year rebricking issue.

Posted by fregend > 3 days ago | Report Abuse

thanks for sharing greenminer

Posted by Seeking > 3 days ago | Report Abuse

Thanks greenminer. Look like the state of the art furnace not efficient. Down time 3 months, quite difficult to make good profit for smelting division.

Posted by Seeking > 3 days ago | Report Abuse

Hopefully from now onward no more 3months maintenance.

Posted by abc333 > 1 day ago | Report Abuse

LMEselect Tin 3 Month, USD/mt
LMEarrow
Latest:32,900
+584 (+1.81%)