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Bloomberg reported tin exports from Indonesia are expected to decline as miners lower production due to low prices and decreased demand.
Bloomberg reported tin exports from Indonesia are expected to decline as miners lower production due to low prices and decreased demand.
As quoted in the market news:
Exports fell 7.2 percent to 7,300 metric tons last month from 7,866 tons in May, according to the median estimate of four smelter executives and an analyst in a Bloomberg survey. That’s the least since shipments of 5,380 tons in January and compares with sales of 10,875 tons in June 2011. The Trade Ministry is expected to release the data next week.