Industry, Not Govt, Must Resolve Indonesia Tin Export Ban-Official

Reuters reported a smelter ban on tin ingot exports in  Indonesia, is for the industry to resolve and does not require government intervention.

As quoted in the market news,

Smelters in Indonesia’s main tin producing region of Bangka island halted tin ingot exports on Oct. 1, in an effort to boost falling global prices.

Late on Thursday, the Indonesian Tin Industry Association said it expected the export ban to last one month, before prices hit the $25,000 a tonne level demanded by many smelters.

Click here to read the full Reuters report.