Timah Delays Plan to Resume Indonesia Tin Shipments Until Price Recovers

Bloomberg reported PT Timah (JAK:TINS) will delay a plan to resume shipments until prices recover as the company negotiates with contractual buyers.

As quoted in the market news,

Timah will uphold an instruction from Bangka Belitung Governor Eko Maulana Ali and an agreement with other producers to halt spot overseas sales until prices rebound to $25,000 a metric ton, Corporate Secretary Abrun Abubakar said today.

Click here to read the full Bloomberg report.