Indonesia: reduced tin production

- November 27th, 2008

Tin Investing News reports tin prices have fallen causing cutbacks in production for tin in Indonesia. “If prices are still lower next year, we may limit refined tin output and push for more high-priced by-products,” said company spokesman Abrun Abubakar. “It’s useless to flush the market with refined tin.” Because of plunging prices, PT Timah … Continued

Tin Investing News reports tin prices have fallen causing cutbacks in production for tin in Indonesia.

“If prices are still lower next year, we may limit refined tin output and push for more high-priced by-products,” said company spokesman Abrun Abubakar. “It’s useless to flush the market with refined tin.”

Because of plunging prices, PT Timah expects tin output to remain flat throughout next year. The company anticipates between 45,000 and 48,000 tonnes of refined tin production this year, slightly below their initial target of 50,000 tonnes and significantly down from last year’s 58,325 tonnes.

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