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Indonesia launches monthly benchmark price for metals
Feb. 09, 2011 12:54PM PST
Base Metals Investing
Reuters reports that Indonesia has launched monthly benchmark prices for key base and precious metals to be in line with international markets.
Reuters reports that Indonesia has launched monthly benchmark prices for key base and precious metals to be in line with international markets.
The market news is quoted as saying:
The government will set monthly benchmark prices for exports of copper, tin, nickel, aluminium, lead, zinc, gold, silver, platinum and palladium, the ministry said in a statement on its website. Currently, companies set prices individually based on agreement with buyers.