Indonesian Tin Smelters Restart Production On Price Rally

Bloomberg reported tin smelters in Indonesia’s largest producing region have restarted output after prices rallied, boosting supplies from the world’s biggest exporter.

As quoted in the market news:

About 70 percent of smelting capacity in Bangka-Belitung province is being used, Hidayat Arsani, president of the Indonesian Tin Mining Association, said in a telephone interview today. Last month, the group estimated that about 30 percent of capacity was functioning, with 24 of 28 smelters closed.

Click here to read the full Bloomberg report.