Yunnan Tin

What Yunnan Tin does

Yunnan Tin Co., Ltd. (云南锡业股份有限公司), listed on the Shenzhen Stock Exchange under ticker 000960 and headquartered in Kunming, Yunnan Province, is the world's largest tin producer since 2005, holding 25% of global and 50% of China tin market share. The company operates a vertically integrated non-ferrous metals business spanning four segments: mining (Datun Tin Mine, Kafang, Laochang, Hualian Zinc-Indium), smelting (Tin Branch, Copper Branch), deep processing (joint-venture materials companies), and supply chain distribution. Annual production capacities include 70,000 tons of tin, 125,000 tons of cathode copper, 100,000 tons of zinc ingots, 50,000 tons of cast zinc alloys, 60 tons of refined indium, plus gold, silver, and tungsten concentrate byproducts.

The company's technology portfolio centers on proprietary metallurgical processes including the world's first industrial application of hematite iron removal for zinc-iron separation (breaking a 42-year international monopoly), double top-blown copper smelting, and efficient vaporization technology for low-grade tin-bearing materials. These processes support cost-efficient processing of complex multi-metal ores and have earned multiple national and provincial science awards. The firm sells under standardized Chinese national specifications (GB/T, YS/T grades) across purity levels — Sn99.90, Sn99.99, Sn99.999 for tin; Zn99.995, Zn99.99 for zinc — to industrial customers globally, with pricing tied to SHFE tin futures benchmarks.

Revenue is generated primarily through direct hardware sales of metals to enterprise customers in electronics soldering (50% of global tin demand), semiconductor ITO manufacturing, renewable energy, galvanizing, and defense industries. Go-to-market combines sales-led direct engagement with a global supply chain segment and event-driven industry participation (notably the SMM Tin Industry Chain Conference). The June 2026 acquisition of Chifeng Dajingzi Tin Co., Ltd. and the 75.74%-owned subsidiary Yunnan Hualian Zinc-Indium reflect a consolidation strategy in tin and minor metals. Controlling shareholder Yunnan Tin Group (云锡集团) maintains strategic oversight. Profitability inflected sharply upward in 2025 with net profit +36.1% YoY, extending to +38-48% YoY in H1 2026 amid record tin prices.

Name

Yunnan Tin

Legal name

云南锡业股份有限公司

Website

https://ytl.com.cn

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Yunnan Tin Co., Ltd. is the world's largest tin producer since 2005, holding 25% global and 50% China market share. It operates a vertically integrated mining, smelting, and deep-processing business producing tin, indium, copper, zinc, and precious metals for global industrial customers in electronics, semiconductors, and renewables.

Ownership category

akta.pro rank

Product category

Non-ferrous metals mining and smelting

NAICS

Primary Metal Manufacturing (331)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Metal Mining (1000)

akta.pro primary industry

Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel) (IMAKAJAC)

akta.pro secondary industry

Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Non-ferrous metals production
• Tin ingot smelting
• Indium refining
• Copper cathode production
• Mining and metallurgy

Headquarters

HQ city

Gejiu

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure

Revenue model

1. Tin products: As the world's largest tin producer since 2005, Yunnan Tin generates primary revenue from tin ingots, solder, and tin alloys. Global tin market share: 25%. China market share: 50%. Products include Sn99.90, Sn99.99, Sn99.999 grade tin ingots.
2. Indium products: Annual output of 60 tons of refined indium, used in aerospace, semiconductors (ITO for flat panel displays, solar cells), electronics, optical materials, medical devices
3. Copper products: Cathode copper production with annual capacity of 125,000 tons. Products used in electronics, electrical, shipbuilding, construction, automotive, defense industries
4. Zinc products: Annual capacity of 100,000 tons of zinc ingots (0# Zn99.995, 1# Zn99.99 grades) plus 50,000 tons of casting zinc alloys. Products used in galvanizing, alloys, batteries, zinc oxide
5. Precious metals: Gold ingots (IC-Au99.99, IC-Au99.95, 1kg bars) and silver ingots (IC-Ag99.99, 15kg bars). Used for currency, jewelry, and industrial applications
6. Tungsten concentrates: Kafang Branch in Yunnan Province announced negotiated sale of tungsten concentrates at its production facility

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Yunnan Tin is the world's largest tin producer since 2005, holding 25% of global and 50% of China tin market share. The company operates an integrated industrial chain spanning mining, smelting, and deep processing of tin, indium, copper, zinc, and precious metals (gold and silver). Core output includes tin ingots (Sn99.90, Sn99.99, Sn99.999), solder, refined indium (60 tons/year), cathode copper (125,000 tons/year), zinc ingots (100,000 tons/year), and cast zinc alloys (50,000 tons/year) sold to industrial customers globally.

Product overview

Yunnan Tin Co., Ltd. is the world's largest tin producer since 2005, holding 50% of China's market and 25% of global market share. The company operates across the entire tin industry chain including mining, smelting, deep processing, and supply chain. Its core product portfolio includes tin ingots (Sn99.90, Sn99.999, Sn99.99) and solder alloys as the primary offerings, supplemented by refined indium ingots for semiconductor and display applications, cathode copper, zinc ingots, cast zinc alloys, and precious metals (gold and silver ingots). The business segments include mining operations, smelting, deep processing (via joint ventures), and supply chain management.

Differentiator

Problem solved

Functional benefit

Products and services

• Tin Ingots (锡锭)

Quantifiable outcome

• H1 2026 net profit expected up 38.43%-47.85% YoY at 1.47-1.57 billion yuan
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and major.

• PT TimahcoreStrategic or Co-development Partner · 1 January 2024PT Timah is Indonesia's state-owned tin producer. Yunnan Tin has strategic partnerships to secure raw material supplies. PT Timah announced 2024 expansion of offshore tin mining operations, with Yunnan Tin cooperating to ensure raw material security.
• Kunming University of Science and TechnologycoreStrategic or Co-development Partner · 1 January 2022Award-winning cooperation project '复杂多金属矿中锡石绿色高效利用关键技术与产业化' won China Nonferrous Metals Industry Science and Technology Award first prize
• Kunming University of Science and Technology (昆明理工大学)coreStrategic or Co-development Partner · 1 January 2013Joint research on zinc smelting technology including hematite iron removal process. Long-term '产、学、研' cooperation model. Students recruited and trained at company facilities.
• Sherritt InternationalmajorTechnology or Integration · 1 January 2013Canadian technology partner for zinc smelting. Joint experimental validation conducted at Sherritt's facilities in Canada for hematite iron removal process. 4 months of joint testing with over 1000 experiments.

Scale indicators11 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Minsur: Peru's largest tin miner and a major global tin producer with integrated mining and smelting operations. Comparable to Yunnan Tin as a vertically integrated tin producer serving global industrial customers.
• PT Timah: Indonesia's state-owned tin mining and smelting company and a direct global competitor in primary tin production. Yunnan Tin has a strategic raw material partnership with PT Timah, highlighting their parallel positioning in the global tin supply chain.
• Malaysia Smelting Corporation: One of the world's largest tin smelters, operating integrated smelting and refining of tin concentrates. Directly comparable to Yunnan Tin's smelting operations and global tin product distribution.
• Yunnan Chengfeng Nonferrous Metals: Chinese tin and non-ferrous metals producer based in Yunnan Province. Comparable regional competitor in tin and minor metals production within the same Chinese tin belt.

Broad incumbents

• Aurubis: European leader in non-ferrous metals recycling and copper/cathode production. Comparable to Yunnan Tin's copper smelting and precious metals recovery operations.
• Glencore: Global diversified mining and commodities trading company with significant tin production through its South American operations. Comparable as a global supplier of tin, copper, zinc, and minor metals with vertically integrated operations.
• Jiangxi Copper: China's largest copper producer with diversified non-ferrous metals operations including copper, gold, silver, and minor metals. Comparable to Yunnan Tin's copper smelting and precious metals segments as a broader Chinese non-ferrous incumbent.
• Boliden: Swedish integrated mining and smelting company producing zinc, copper, lead, and precious metals. Comparable as a diversified non-ferrous producer with smelting and downstream processing capabilities.
• Tongling Nonferrous Metals Group: Major Chinese state-owned non-ferrous metals group producing copper, zinc, lead, and precious metals with integrated mining and smelting. Comparable broad-incumbent peer to Yunnan Tin's diversified metals portfolio.
• Zhuzhou Smelter Group (China Nonferrous Metal Mining): Lead and zinc smelter affiliated with China Nonferrous Metal Mining Group. Comparable as a Chinese non-ferrous smelting peer with similar downstream electronics/battery customer mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yunnan Tin