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Industry, Not Govt, Must Resolve Indonesia Tin Export Ban-Official
Oct. 07, 2011 03:24PM PST
Industrial MetalsReuters reported a smelter ban on tin ingot exports in Indonesia, is for the industry to resolve and does not require government intervention.
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.
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