“The uncertainty surrounding the duration and impact of the pandemic which is felt around the world, and countries imposing full/partial lockdowns has disrupted the tin industry’s supply and demand chain which led to decline in tin prices and build-up in tin inventories, ” it said.
PETALING JAYA: Malaysia Smelting Corp
Bhd (MSC) said revenue fell by a third in the first quarter ended March 31 on weaker tin prices.
“The uncertainty surrounding the duration and impact of the pandemic which is felt around the world, and countries imposing full/partial lockdowns has disrupted the tin industry’s supply and demand chain which led to decline in tin prices and build-up in tin inventories, ” it said.
“The remaining period of 2020 is expected to be challenging, ” the company said in a filing with Bursa Malaysia yesterday.
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