KUALA LUMPUR (May 31): Malaysia Smelting Corp Bhd, one of the world’s biggest tin producers, aims to boost its output by 20% over the next couple of years as part of its growth strategy. Its unit Rahman Hydraulic Tin Sdn Bhd is actively exploring the acquisition of neighbouring mining land, he added. Tin, mainly used as solder in electronics, has fallen more than 30% from a peak of above US$50,000 (about RM218,775) a ton in March. “In all probability, the price of tin has found its balance,” he said. Read also:Malaysia Smelting Corp 1Q climbs nearly three-fold from higher average tin prices
