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Tin Producers in Indonesia to Extend Export Ban to Yearend to Boost Prices
Oct. 31, 2011 03:53PM PST
Industrial Metals InvestingBloomberg reported 15 tin producers in Indonesia agreed to extend a self-imposed ban on exports until the end of the year to help boost prices.
Bloomberg reported 15 tin producers in Indonesia agreed to extend a self-imposed ban on exports until the end of the year to help boost prices.
As quoted in the market news,
The companies took the decision at a meeting in Pangkalpinang, Bangka Belitung province on Oct. 28, said Johan Murod, director at PT Bangka Belitung Timah Sejahtera, a group of six smelters. The producers are seeking to hold a bigger gathering involving all miners on Nov. 2, said Rudy Irawan, deputy chairman of the Indonesian Tin Industry Association.