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    market news

    Halt in Indonesian Tin Exports Hitting U.S. Markets

    Investing News Network
    Nov. 18, 2011 03:20PM PST
    Industrial Metals

    Reuters Africa reported the suspension of tin ingot export shipments from Indonesian smelters last month is creating a supply crunch for U.S. consumers.

    Reuters Africa reported the suspension of tin ingot export shipments from Indonesian smelters last month is creating a supply crunch for U.S. consumers.

    As quoted in the market news:

    Nearly in its seventh week, the shipping ban from the world’s largest exporter is expected to last until the end of the year, leaving many U.S. buyers with few other reliable supply lines and mounting concerns about next year’s supply contracts, market participants said.

    Click here to read the full Reuters Africa report.

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