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Tin Jumps as Indonesia Halts Exports; Timah Plans Restart If Price ‘Right’
Sep. 27, 2011 02:31PM PST
Industrial MetalsBloomberg reported Indonesia will halt overseas shipments from Oct. 1 to support prices after a slump.
Bloomberg reported Indonesia will halt overseas shipments from Oct. 1 to support prices after a slump.
The market news is quoted as saying,
PT Timah, the biggest producer, and Malaysia Smelting Corp. unit PT Koba Tin are among 28 companies that agreed to the halt after meeting yesterday with Bangka Belitung Governor Eko Maulana Ali, Murod said by phone. Overseas shipments will resume if the price goes to $25,000 per metric ton, Murod said.
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