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Tin October 09, 2020 01:00:11 AM

Coronavirus Cuts Bolivian Tin Production

ITRI
ScrapMonster Author
In terms of refined tin production, the state smelter EM Vinto produced some 2,890 tonnes in the first quarter.

Coronavirus Cuts Bolivian Tin Production

SEATTLE (ITRI.CO.UK): The latest statistical data released by the Bolivian government has indicated the severe impact of the coronavirus on tin mining and smelting in the country during the first quarter of 2020.

Mining in the country is conducted by the two mines owned by the state mining organisation COMIBOL, as well as smaller mines and cooperatives. The state-owned Huanuni and Colquiri mines produced some 3,366 tonnes of tin concentrate during the first quarter. Other operations produced a combined 2,489 tonnes.

Total tin concentrate production (5,855 tonnes) was down some 30% year-on-year (YoY). In late March, it was announced that mining operations in the country would be locked down due to the outbreak of the coronavirus.

In terms of refined tin production, the state smelter EM Vinto produced some 2,890 tonnes in the first quarter. This represented 73% of the total refined tin produced in Bolivia during that period. Smelters were also subject to restrictions beginning at the end of March, reducing output. Despite this, total refined tin production in the country was some 14% higher than in 2019.

However, data for the second quarter indicated a significant decline in smelter output. During the peak of coronavirus restrictions in the country, total refined tin production was 1,321 tonnes. This was a decline of nearly 66% quarter-on-quarter and 69% YoY.

Weak demand and lower production in the first half of 2020 saw exports of refined tin from Bolivia fall some 31.7%. 5,171 tonnes of tin were exported from Bolivia in 2020, compared to 7,574 tonnes exported across the same period in 2019. Of the total exported in 2020, EM Vinto sold 3,759 tonnes: some 73%. The United States was the most significant destination, taking 40% of the metal by value.

Courtesy: www. itri.co.uk

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