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Reuters Africa reported Indonesian tin smelters will export a total of 800 tonnes of tin to Singapore, breaking the industry’s self-imposed ban.
Reuters Africa reported Indonesian tin smelters will export a total of 800 tonnes of tin to Singapore, breaking the industry’s self-imposed ban.
As quoted in the market news:
Smelters in Indonesia’s main tin producing region of Bangka island stopped shipments from Oct. 1 in an effort to push benchmark tin prices above $23,000 a tonne, although PT Koba Tin sent a 600 tonne shipment to Singapore this week.