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Reuters reported an Indonesian tin official quit today after the self-imposed ban was broken revealing cracks in the system.
Reuters reported an Indonesian tin official quit today after the self-imposed ban was broken revealing cracks in the system.
As quoted in the market news:
There are now concerns that Indonesian smelters will flood the global market with tin and help push prices down, as they seek to offload material held back during the export stoppage.
Smelters in Indonesia’s main tin-producing region of Bangka island stopped tin ingot shipments from Oct. 1 in an effort to prop up falling global prices.