Industrial Metals

Bloomberg reports that flooding caused by a La Nina weather event may drop tin output for a second year.

Bloomberg reports that flooding caused by a La Nina weather event may drop tin output for a second year.

The market news is quoted as saying:

Refined-tin output may total 60,000 to 70,000 metric tons this year, Johan Murod, a director at PT Bangka Belitung Timah Sejahtera, a group of eight smelters, said in an interview. That compares with a Jan. 6 government forecast for output of 90,000 tons this year and last year’s production of 78,965 tons.

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