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Reuters reported PT Timah said refined tin production fell 6 percent for 2011 to 38,132 tonnes last year.
Reuters reported PT Timah said refined tin production fell 6 percent for 2011 to 38,132 tonnes last year.
As quoted in the market news:
In a statement on Thursday, Timah, the world’s largest exporter of tin and second-largest producer of refined tin, gave no reason for the fall.
In an effort to push global prices above $23,000 per tonne, tin smelters in the main producing region of Bangka-Belitung islands imposed a brief ban on exporting ingots from October, but the embargo did not hold.