Tin Producers in Indonesia to Extend Export Ban to Yearend to 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.

Click here to read the full Bloomberg report.