Tin Production Falls 6% in 2011 Says PT Timah

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.

Click here to read the full Reuters report.