Indonesia Smelters to Export 7,000 T of Tin This Week

Reuters Africa reported Indonesia’s tin association said its members will ship 7,000 tonnes of tin ingots overseas this week.

As quoted in the market news:

Smelters in Indonesia’s main tin producing region of Bangka island stopped shipments from Oct. 1 in a self-imposed effort to push benchmark tin prices above $23,000 a tonne, although the gates appear to have opened after PT Koba Tin broke the basn last week by sending a shipment to Singapore.

Click here to read the full Reuters Africa report.