KUALA LUMPUR: Malaysia Smelting Corp
Bhd’s (MSC) performance was affected by the sharp drop in tin prices, which was reflected in its third quarter (3Q22) report.
Fears of a global recession, lower tin demand due partly to China’s zero-Covid policy and easing of scarcity as smelters resumed operations saw prices of tin fall by 26% year-on-year (y-o-y) to RM104,700 per tonne in the quarter.
MSC was also impacted by higher freight and energy prices during the period.
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