KUALA LUMPUR: Malaysia Smelting Corp Bhd (MSC) Friday reported an over four-fold increase in its net profit to RM64.07mil in the fourth quarter ended Dec 31, 2021 (4Q21) from RM14.92mil a year ago.
PETALING JAYA: Malaysia Smelting Corp Bhd (MSC) could see better earnings this year contributed by its new smelting plant in Pulau Indah and higher global tin prices.
Tight tin supplies due to seasonal and COVID disruptions, historically low stocks and robust demand are expected to help buoy prices of the metal near record highs. Tin CMSN3 prices on the London Metal Exchange have doubled this year, hitting a record high of $40,680 a tonne last month as consumers scrambled for supplies of .