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Jakarta Globe reported Timah plans to reduce sales on the spot market to support prices for the metal.
Jakarta Globe reported Timah plans to reduce sales on the spot market to support prices for the metal.
As quoted in the market news:
Tin prices have fallen by almost a third since February, when the metal climbed to its highest level since August last year.
The decline is being fueled by concern that Europe’s ongoing debt crisis and an economic slowdown in China, the biggest consumer of metals, will erode demand for the metal.
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