Indonesia’s Biggest Tin Producer Resumes Exports After Ban; Futures Slump

Bloomberg reported PT Timah (JAK:TINS) will resume exports after prices rebounded, withdrawing from a nationwide ban.

As quoted in the market news,

Timah’s decision to reenter the global market, taken as the metal gained to $23,000 per metric ton, may depress prices. While some private smelters are waiting for $24,000 before they restart exports, there was a need for a government-imposed export quota in the future, according to Rudy Irawan, deputy chairman of the Indonesian Tin Industry Association.

Click here to read the full Bloomberg report.